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3425 Northwest 1st Avenue

Updated Sep 9, 2024

Carlos Moreno Acquires Multifamily Property In Wynwood, Miami For $1.015M With Claudia P. Gomez & Guillermo Ortega - Keller Williams Realty Partners SW
SOLDMultiFamily

Carlos Moreno Acquires Multifamily Property In Wynwood, Miami For $1.015M With Claudia P. Gomez & Guillermo Ortega - Keller Williams Realty Partners SW

3425 Northwest 1st Avenue

$1,015,000

$190/SF

Building Size

5,330 SF

Asset Type

MultiFamily

Closing

Nov 2, 2022

About this deal

AI

The multifamily property located at 3425 NW 1st Ave in Wynwood, Miami was recently sold in a closed transaction. The property consists of 3 units with a total square footage of 5,330. The sale price for the property was $1,015,000, resulting in a price per unit of $338,333. The price per square foot was calculated at $190.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,015,000
  • Units: 3
  • Price per Unit: $338,333
  • Square Footage: 5,330
  • Price per Square Foot: $190

The buyer of the property was Carlos Moreno, while Chester & Olga Davis acted as the sellers. The deal was facilitated by Claudia P. Gomez and Guillermo Ortega from Keller Williams Realty Partners SW, who represented the respective parties in the transaction.

Players

Claudia P. Gomez

Keller Williams Realty

Broker

$7.8M

vol

2 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $190 per square foot on a published $1M for 5,330 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.63%

Cash-on-Cash

-4.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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