Julio Fojon Acquires Multifamily Property In Florida City For $2.075M
SOLD
$2,075,000
Florida
See Similar DealsMultiFamily6,989 SF
Sold 07/29/2022
SOLD
Julio Fojon Acquires Multifamily Property In Florida City For $2.075M
441 Northwest 12th Avenue
See Similar DealsMultiFamily6,989 SF
Sold 07/29/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$296
Total Square Footage:6,989 SF
Transaction Type:Sale
A multifamily property located at 421 & 441 NW 12th Street in Florida City has been sold. The property consists of 16 units with a total of 6,986 square feet. The sale price for the property was $2,075,000, resulting in a per unit price of $129,688. The price per square foot was $297.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,075,000
- Units: 16
- Price per Unit: $129,688
- Square Feet: 6,986
- Price per Square Foot: $297
The buyer of the property was Julio Fojon, represented by Abigail Lopez of Luxe Properties LLC. The seller, Evelyn Hsu, was represented by Sam Mekras of MSP Group LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
Annual Debt Service$118,038.70
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