Evelyn Hsu Acquires Homestead Multifamily For $1.77M With Seller's Rep Pedro Glaria
525 Southwest 1st Avenue
$1,770,000
$232/SF
Building Size
7,628 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
AI
The multifamily property located at 525 Southwest 1st Avenue in Homestead has been sold for a total price of $1,770,000. The property consists of 12 units, with an average price per unit of $147,500. The total square footage of the property is 7,628, with an average price per square foot of $232.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,770,000
- Units: 12
- Price per Unit: $147,500
- Total Square Footage: 7,628
- Price per Square Foot: $232
- Address: 525 Southwest 1st Avenue
- Market: Homestead
Evelyn Hsu has purchased the property from Pedro Glaria. The transaction was facilitated by Sam Mekras of MSP Group LLC, who represented both the buyer and seller in this deal.
Homestead 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
8.96%
Cash-on-Cash
-2.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93