Marcus & Millichap Brokers Sell Little Havana Multifamily For $3M
433 Southwest 6th Street, Miami, Florida 33130, United States
$3,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 16, 2022
AI
A multifamily property located at 433 SW 6th Street in Little Havana, Miami, was recently sold for $3,000,000. This property consists of 30 units, resulting in a price per unit of $100,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 30
- Price per Unit: $100,000
The sale of this multifamily property was facilitated by Felipe Echarte, Evan Kristol, and Alejandro Gonzalez from Marcus & Millichap. They represented the parties involved in this 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93