Fernando Senso Castilla & Maria Fernanda Forero Hernandez Acquire Miami Multifamily For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsMultiFamily2,936 SF
Sold 07/05/2022
SOLD
Fernando Senso Castilla & Maria Fernanda Forero Hernandez Acquire Miami Multifamily For $2.5M
6525 Southwest 131st St, Pinecrest, Florida 33156, United States
See Similar DealsMultiFamily2,936 SF
Sold 07/05/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$851
Total Square Footage:2,936 SF
Transaction Type:Sale
The multifamily property located at 6525 SW 131st St in Miami, FL was recently sold in a closed transaction. The property spans 2,936 square feet and has a price per square foot of $851. The sale was completed on July 5, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 6525 SW 131st St, Miami, FL
- Market: Miami, FL
The buyers of the property are Fernando Senso Castilla and Maria Fernanda Forero Hernandez. On the other hand, Juan C Algarin and Nancy A Ortiz Algarin acted as the sellers. The transaction represents a significant investment opportunity in the Miami real estate market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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