Michael A. Ruiz & Ilissa Ruiz Acquire 5& Family Property In Miami, FL For $2.7M
SOLD
$2,741,000
Florida
See Similar DealsMultiFamily6,363 SF
Sold 09/12/2022
SOLD
Michael A. Ruiz & Ilissa Ruiz Acquire 5& Family Property In Miami, FL For $2.7M
600 Southwest 10th Street, Miami, Florida 33130, United States
See Similar DealsMultiFamily6,363 SF
Sold 09/12/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$430
Total Square Footage:6,363 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,186.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,738.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,993.74
Annual Debt Service$155,924.86
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