Carlos Fausto Miranda Acquires Multifamily Property On W Flagler St In Miami For $2.35M
SOLD
$2,350,000
Florida
See Similar DealsMultiFamily19,567 SF
Sold 10/14/2022
SOLD
Carlos Fausto Miranda Acquires Multifamily Property On W Flagler St In Miami For $2.35M
4864 West Flagler Street
See Similar DealsMultiFamily19,567 SF
Sold 10/14/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$120
Total Square Footage:19,567 SF
Transaction Type:Sale
Located at 4864 W Flagler St in Miami, this multifamily property was recently sold for $2,350,000. With a total square footage of 19,567, the price per square foot stands at $120. The transaction took place on October 14, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Square Footage: 19,567
- Price Per Square Foot: $120
The buyer in this deal was Carlos Fausto Miranda, while the seller was Tessie Aral. The transaction was facilitated by Carlos Fausto Miranda, Vicente Rodriguez, and Rey Moya of Fausto Commercial Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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