Rafael Diaz Acquires Multifamily Property In Hialeah For $6.24M
SOLD
$6,240,000
Florida
See Similar DealsMultiFamily20,626 SF
Sold 06/22/2021
SOLD
Rafael Diaz Acquires Multifamily Property In Hialeah For $6.24M
465 W 11th St, Hialeah, FL, USA
See Similar DealsMultiFamily20,626 SF
Sold 06/22/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:20,626 SF
Transaction Type:Sale
An multifamily property located at 465 W 11th St in Hialeah has been sold in a recent transaction. The property spans an area of 20,626 square feet and was sold for a total price of $6,240,000, resulting in a price per square foot of $302.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,240,000
- Address: 465 W 11th St
- Market: Hialeah
Rafael Diaz served as the buyer in this transaction, while Francisco J. Casanova acted as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$332,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,169.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,580.78
Annual Debt Service$354,969.40
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