Updated Dec 4, 2024
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
About this deal
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:
- 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.
On the Map
$1,325,000
$404/SF
MultiFamily
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Players
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