Updated Dec 19, 2023
Jesus R. Fernandez Acquires 6-Unit Multifamily In Miami For $1.16M
3425 West Flagler Street, Miami, Florida 33135, United States
$1,160,000
$154/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Aug 25, 2022
About this deal
AI
A multifamily property located at 3425 W Flagler St in Miami has been sold for $1,160,000. The property consists of 6 units with an average price per unit of $193,333. The total square footage of the property is 7,500, resulting in a price per square foot of $155. The sale was completed on 08/26/2022.
Summary of transaction details
- Property Type: Multifamily
- Address: 3425 W Flagler St, Miami
- Sale Price: $1,160,000
- Units: 6
- Price per Unit: $193,333
- Total Square Footage: 7,500
- Price per Square Foot: $155
The buyer of the property is Jesus R. Fernandez, while the seller is John C. Hanlon. The transaction was facilitated by Virgilio Fernandez of Colliers. Virgilio is available to assist owners and buyers in reaching their investment goals. For both on and off-market opportunities, interested parties can reach Virgilio at (305) 613-4507.
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
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93