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AMC Development Group Purchases Multifamily Property In Miami For $2.18 Million From Altamar II LLC
SOLD
$2,180,000
Florida
See Similar DealsMultiFamily4,033 SF
Sold 09/24/2025
SOLD
AMC Development Group Purchases Multifamily Property In Miami For $2.18 Million From Altamar II LLC
434 Southwest 6th Street
See Similar DealsMultiFamily4,033 SF
Sold 09/24/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$540
Total Square Footage:4,033 SF
Transaction Type:Sale
A multifamily property located at 434 Southwest 6th Street in Miami has been sold for $2,180,000. The property spans 4,033 square feet and consists of six units, resulting in a price per unit of $363,333 and a price per square foot of $541. The asset is situated on 0.17 acres of land.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,180,000
- Address: 434 Southwest 6th Street, Miami
- Buyer: AMC Development Group
- Seller: Altamar II LLC
- Units: 6
- Square Feet: 4,033
- Price per Unit: $363,333
- Price per Square Foot: $541
- Brokers: Sharif Bula & Rafael Fermoselle - ElevenTrust Real Estate Services
The transaction involved AMC Development Group acquiring the property from Altamar II LLC, with the deal being brokered by Sharif Bula and Rafael Fermoselle, both affiliated with ElevenTrust Real Estate Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$116,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,745.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,334.31
Annual Debt Service$124,011.75
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