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739 Southwest 9th Street

Mike Ruiz Acquires Multifamily Property From Jose Aleman In Miami
SOLDMultiFamily

Mike Ruiz Acquires Multifamily Property From Jose Aleman In Miami

739 Southwest 9th Street

$2,425,000

$336/SF

Building Size

7,217 SF

Asset Type

MultiFamily

Closing

Jun 14, 2024

AI

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:

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.

Players

Rafael Fermoselle

ElevenTrust Real Estate Services

Broker

$109.6M

vol

22 deals

Broker

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

6.54%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93