Juan Hernandez Acquires Multifamily Property In Miami For $1.1M
SOLD
Florida
See Similar DealsMultiFamily2,809 SF
Sold 08/30/2023
SOLD
Juan Hernandez Acquires Multifamily Property In Miami For $1.1M
426 NW 13 Ave
See Similar DealsMultiFamily2,809 SF
Sold 08/30/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:2,809 SF
Transaction Type:Sale
A multifamily property located at 426 Northwest 13 Avenue in Miami has been sold for a price of $1,100,000. The property spans over 2,809 square feet, resulting in a price per square foot of $392. The sale was completed on 08/30/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 426 Northwest 13 Avenue, Miami
- Square Footage: 2,809
- Price per Square Foot: $392
Juan Hernandez purchased the property from Antonino Barroso. The transaction was facilitated by Carlos Fausto Miranda, Mauricio Villasuso, and Miguel Fuentes of Fausto Commercial Realty Consultants.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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