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550 SW 10th St Miami, FL 33...

Ramiro Del Amo Acquires 8-Unit Multifamily In Miami For $1.7M
SOLDMultiFamily

Ramiro Del Amo Acquires 8-Unit Multifamily In Miami For $1.7M

550 SW 10th St Miami, FL 33130, USA

$1,700,000

$226/SF

Building Size

7,500 SF

Asset Type

MultiFamily

Closing

Apr 29, 2023

AI

A multifamily property located at 550 Southwest 10th Street in Miami has been sold. The sale took place on April 29, 2023, for a total price of $1,700,000. The property consists of 8 units, with a price per unit of $212,500. It has a total square footage of 7,500, and the price per square foot is $227.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Units: 8
  • Price per Unit: $212,500
  • Square Footage: 7,500
  • Price per Square Foot: $227

Ramiro Del Amo is the buyer of the property. The broker involved in the transaction is Miguel Solis from Douglas Elliman.

Players

Miguel Solis

Douglas Elliman

Broker

$46.9M

vol

10 deals

Broker

Ramiro E Del Amo

Buyer

$6.6M

vol

2 deals

Buyer

Miami 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93