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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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