Angel Fuentes Acquires Multifamily Property In Miami For $1.32M
SOLD
$1,325,000
Florida
See Similar DealsMultiFamily3,276 SF
Sold 06/12/2024
SOLD
Angel Fuentes Acquires Multifamily Property In Miami For $1.32M
567 Southwest 3rd Street
See Similar DealsMultiFamily3,276 SF
Sold 06/12/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:3,276 SF
Transaction Type:Sale
The multifamily property at 567 Southwest 3rd Street in Miami was sold for $1,325,000. The property spans 3,276 square feet, resulting in a price per square foot of $404.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Buyer: Angel Fuentes
- Seller: Carol Jambrina
- Brokers: Christopher Carbonell & Mauricio Villasuso - Fausto Commercial Realty Consultants
Christopher Carbonell and Mauricio Villasuso from Fausto Commercial Realty Consultants represented the parties involved in the transaction, showcasing their expertise in facilitating the sale of the multifamily property in Miami.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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