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Aminur Rahman Acquires 3-Unit Multifamily In Homestead For $1.07M

Property Image
SOLD
$1,067,500
Sam Mekras
Manuel Medrano-Ventura

Florida

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MultiFamily4,978 SF
Sold 05/24/2024
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Property Image
SOLD

Aminur Rahman Acquires 3-Unit Multifamily In Homestead For $1.07M

56 Northeast 9th Court

See Similar Deals
MultiFamily4,978 SF
Sold 05/24/2024
Sam Mekras
Manuel Medrano-Ventura
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$214
Total Square Footage:4,978 SF
Transaction Type:Sale

The multifamily property located at 56 Northeast 9th Court in Homestead has been sold for $1,067,500. This property consists of 3 units, with a total square footage of 4,978. The price per unit stands at $355,833, while the price per square foot is $214.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,067,500
  • Units: 3
  • Price Per Unit: $355,833
  • Square Footage: 4,978
  • Price Per Square Foot: $214
  • Address: 56 Northeast 9th Court, Homestead
  • Market: Homestead

The buyer of this property was Aminur Rahman, while the seller was Javier Despaux. Representing the buyer was Manuel Medrano-Ventura from Avanti Way, and on the seller's side was Sam Mekras from MSP Group. A note from the seller's representative, MSP Group LLC, highlights their accomplishment of closing another deal with a repeat client.

Players

Sam Mekras
MSP Group
Sam Mekras
33 deals$101.8M volume(786) 417-3709
BROKER
Manuel Medrano-Ventura
Avanti Way
Manuel Medrano-Ventura
1 deal$1.1M volume(786) 728-6080
BROKER

Details

SOLD
IMAGE: Manuel Medrano-Ventura & Sam Mekras DATE: 05/24/2024 ADDRESS: 56 Northeast 9th Court MARKET: Homestead ASSET TYPE: Multifamily BUYER: Aminur Rahman SELLER: Javier Despaux BUYER'S REP: Manuel Medrano-Ventura (@Manuelre_miami) - Avanti Way (@AvantiWay) SELLER'S REP: Sam Mekras (@Sam_Mekras_MSPGroupLLC) - MSP Group (@MSPGroup_LLC) SALE PRICE: $1,067,500 UNITS: 3 ~ PPU: $355,833 SF: 4,978 ~ PPSF: $214 NOTE FROM SELLER'S REP: MSP Group LLC is proud to announce another Closing with a repeat client. If you are looking to Buy, Sell or Finance multifamily please reach out to Sam Mekras 786-417-3709.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,792.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,060.49
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