LVR Investments & South Florida JSSA Acquire Multifamily Property In Little Havana, Miami For $1.37M
37 NW 12 Ave, Miami, Florida 33128, United States
$1,370,000
$182/SF
Building Size
7,526 SF
Asset Type
MultiFamily
Closing
Feb 13, 2022
AI
A multifamily property located at 37 NW 12 Ave in Little Havana, Miami has been sold for $1,370,000. The property consists of 12 units with a total square footage of 7,526. The price per unit was $114,167 and the price per square foot was $182.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,370,000
- Address: 37 NW 12 Ave
- Market: Little Havana, Miami
- Units: 12
- Square Footage: 7,526
The buyer of the property was LVR Investments & South Florida JSSA represented by Alberto Serra & William Rios. The seller was LA DOCE represented by Juan A. Calvo. Carlos Sotolongo from South Florida Properties represented the buyer, and Freddy Diaz from BHHS EWM Realty represented the seller.
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
11.58%
Cash-on-Cash
-3.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93