Updated Dec 21, 2023
Kevin Jarvis Acquires Multifamily Property In Miami Beach For $2.195M
5170 Alton Road, Miami Beach, Florida 33140, United States
$2,195,000
$1,110/SF
Building Size
1,976 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
About this deal
AI
The multifamily property located at 5170 Alton Rd in Miami Beach, FL was recently sold on April 28, 2022. The property spans a total area of 1,976 square feet. The transaction was completed at a price of $2,195,000, resulting in a price per square foot of $1,110.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,195,000
The buyer of the property is Kevin Jarvis, while the sellers are Denisse Storti and Paul Storti.
The multifamily sale at 5170 Alton Road, Miami Beach, Florida 33140, United States in Miami Beach, Florida sold for $2.2M in 2022. The building is 1,976 square feet, implying about 1.1K per square foot on the published price. This page is the Miami Beach, Florida file for the 5170 Alton Road, Miami Beach, Florida 33140, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach multifamily set by closing date to see what else sold near 5170 Alton Road, Miami Beach, Florida 33140, United States around 2022. Published consideration for 5170 Alton Road, Miami Beach, Florida 33140, United States is $2.2M, dated 2022. Cite this Kevin Jarvis Acquires Multifamily Property In Miami Beach For $2.195M sale when underwriting similar multifamily product around Miami Beach, Florida.
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Miami Beach MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.23%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93