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
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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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