Rene Sanchez & Sam Jazayri Acquire Multifamily Property In Miami, FL For $2.9M
SOLD
Florida
See Similar DealsMultiFamily11,926 SF
Sold 04/22/2022
SOLD
Rene Sanchez & Sam Jazayri Acquire Multifamily Property In Miami, FL For $2.9M
7155 Northwest 17th Avenue, Miami, Florida 33147, United States
See Similar DealsMultiFamily11,926 SF
Sold 04/22/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$243
Total Square Footage:11,926 SF
Transaction Type:Sale
A multifamily property located at 7155 NW 17th Ave in Miami, FL was recently sold for a total price of $2,900,000. The property spans a total area of 11,926 square feet, resulting in a price per square foot of $243.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 7155 NW 17th Ave, Miami, FL
- Market: Miami, FL
The buyers of this multifamily property are Rene Sanchez and Sam Jazayri. The seller of the property is Chekia G. Hill. No additional information regarding the individuals or companies involved in the deal is available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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