Julio Fojon Acquires Multifamily Property In Florida City For $2.075M
441 Northwest 12th Avenue
$2,075,000
$296/SF
Building Size
6,989 SF
Asset Type
MultiFamily
Closing
Jul 29, 2022
AI
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.
Players
McMinnville 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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93