Carlos Frost Sells Multifamily Asset At 428 And 436 Southwest 13th Avenue For $1.63M
SOLD
$1,630,000
Florida
See Similar DealsMultiFamily6,870 SF
Sold 10/02/2025
SOLD
Carlos Frost Sells Multifamily Asset At 428 And 436 Southwest 13th Avenue For $1.63M
428 Southwest 13th Avenue & 436 Southwest 13th Avenue
See Similar DealsMultiFamily6,870 SF
Sold 10/02/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:6,870 SF
Transaction Type:Sale
This multifamily property, located at 428 Southwest 13th Avenue & 436 Southwest 13th Avenue in the Miami market, was sold for a total price of $1,630,000. The asset comprises 8 units with a total square footage of 6,870. The price per unit stands at $203,750, and the price per square foot is $237.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,630,000
- Units: 8
- Square Footage: 6,870
- Price Per Unit: $203,750
- Price Per Square Foot: $237
- Seller: Carlos Frost
- Broker: Sam Schwartz - STL Commercial
- Date of Sale: 10/02/2025
In this transaction, Carlos Frost was the seller of the multifamily property, while Sam Schwartz represented STL Commercial as the broker involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,791.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,727.03
Annual Debt Service$92,724.38
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