Evelyn Hsu Acquires Homestead Multifamily For $1.77M With Seller's Rep Pedro Glaria
SOLD
$1,770,000
Florida
See Similar DealsMultiFamily7,628 SF
Sold 10/31/2023
SOLD
Evelyn Hsu Acquires Homestead Multifamily For $1.77M With Seller's Rep Pedro Glaria
525 Southwest 1st Avenue
See Similar DealsMultiFamily7,628 SF
Sold 10/31/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$232
Total Square Footage:7,628 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,288.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,390.70
Annual Debt Service$100,688.44
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