Alejandro Gershanik Acquires Multifamily Property In Homestead For $1.4M
SOLD
$1,416,000
Florida
See Similar DealsMultiFamily4,832 SF
Sold 06/30/2022
SOLD
Alejandro Gershanik Acquires Multifamily Property In Homestead For $1.4M
485 Southwest 4th Avenue, Homestead, Florida 33030, United States
See Similar DealsMultiFamily4,832 SF
Sold 06/30/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$293
Total Square Footage:4,832 SF
Transaction Type:Sale
Located at 485 SW 4th Avenue in Homestead, this multifamily property has been sold in a recent transaction. The property consists of 12 units, with a sale price of $1,416,000, equating to approximately $118,000 per unit. The sale took place on 06/30/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,416,000
- Address: 485 SW 4th Avenue, Homestead
- Market: Homestead
Alejandro Gershanik was the buyer in this transaction, while Evelyn Hsu was the seller. Sam Mekras, representing MSP Group LLC, served as the broker in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$75,520.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,030.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,712.56
Annual Debt Service$80,550.75
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