Jean Charles Carre Acquires Multifamily Property In Miami For $4.19M
SOLD
$4,190,000
Florida
See Similar DealsMultiFamily6,674 SF
Sold 06/14/2022
SOLD
Jean Charles Carre Acquires Multifamily Property In Miami For $4.19M
5251 Southwest 64th Avenue, Miami, Florida 33155, United States
See Similar DealsMultiFamily6,674 SF
Sold 06/14/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$627
Total Square Footage:6,674 SF
Transaction Type:Sale
The multifamily property located at 5251 SW 64th Ave in Miami, FL has been sold. The transaction took place on June 14, 2022. The property spans 6,674 square feet and was sold for a price of $4,190,000, resulting in a price per square foot of $627.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,190,000
- Address: 5251 SW 64th Ave, Miami, FL
- Market: Miami, FL
The buyer of the property is Jean Charles Carre, while the sellers are Barbara Swan and Diamond Barry B.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,886.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,862.74
Annual Debt Service$238,352.85
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