Mike Ruiz Acquires Multifamily Property From Jose Aleman In Miami
SOLD
$2,425,000
Florida
See Similar DealsMultiFamily7,217 SF
Sold 06/14/2024
SOLD
Mike Ruiz Acquires Multifamily Property From Jose Aleman In Miami
739 Southwest 9th Street
See Similar DealsMultiFamily7,217 SF
Sold 06/14/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$336
Total Square Footage:7,217 SF
Transaction Type:Sale
The multifamily property located at 739 Southwest 9th Street in Miami was sold for $2,425,000. The property comprises 9 units with a total square footage of 7,217. The price per unit was $269,444, and the price per square foot was $336.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,425,000
- Buyer: Mike Ruiz
- Seller: Jose Aleman
- Brokers: Rafael Fermoselle & David Fermoselle - ElevenTrust Real Estate Services
Rafael Fermoselle and David Fermoselle from ElevenTrust Real Estate Services represented the parties involved in the transaction, ensuring a successful sale of the multifamily property in Miami.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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