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600 Southwest 10th Street, ...

Michael A. Ruiz & Ilissa Ruiz Acquire 5& Family Property In Miami, FL For $2.7M
SOLDMultiFamily

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

Michael Ruiz

Buyer

$8M

vol

2 deals

Buyer

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