Updated Dec 18, 2023
Fernando Senso Castilla & Maria Fernanda Forero Hernandez Acquire Miami Multifamily For $2.5M
6525 Southwest 131st St, Pinecrest, Florida 33156, United States
$2,500,000
$851/SF
Building Size
2,936 SF
Asset Type
MultiFamily
Closing
Jul 4, 2022
About this deal
AI
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.
Players
Pinecrest 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93