Michael A. Ruiz & Ilissa Ruiz Acquire 5& Family Property In Miami, FL For $2.7M
600 Southwest 10th Street, Miami, Florida 33130, United States
$2,741,000
$430/SF
Building Size
6,363 SF
Asset Type
MultiFamily
Closing
Sep 11, 2022
AI
The 5+ Family property located at 600 SW 10th St in Miami, FL was recently sold on September 12, 2022. The property spans 6,363 square feet and was sold for a total price of $2,741,000, resulting in a price per square foot of $430.
Summary of transaction details
- Property Type: 5+ Family
- Transaction Amount: $2,741,000
- Address: 600 SW 10th St, Miami, FL
- Market: Miami, FL
Michael A. Ruiz and Ilissa Ruiz served as the buyers in this transaction, while Francisco Lagos Marmol acted as the seller. The deal was successfully closed, indicating fruitful negotiations between both parties involved.
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
5.79%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93