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567 Southwest 3rd Street

Angel Fuentes Acquires Multifamily Property In Miami For $1.32M
SOLDMultiFamily

Angel Fuentes Acquires Multifamily Property In Miami For $1.32M

567 Southwest 3rd Street

$1,325,000

$404/SF

Building Size

3,276 SF

Asset Type

MultiFamily

Closing

Jun 12, 2024

AI

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:

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.

Players

Mauricio Villasuso

Fausto Commercial Realty Consultants

Broker

$91.4M

vol

17 deals

Broker

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

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93