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747 Southwest 5th Street

Maria Gavidia & Jessica Wolf Close $1.76M Miami Multifamily Sale
SOLDMultiFamily

Maria Gavidia & Jessica Wolf Close $1.76M Miami Multifamily Sale

747 Southwest 5th Street

$1,760,000

Building Size

Asset Type

MultiFamily

Closing

Mar 6, 2024

AI

A six-unit multifamily property located at 747 Southwest 5th Street in Miami has been sold for $1.76 million. Maria Gavidia of Coldwell Banker represented the buyer, while Jessica Wolf of Luxe Properties represented the seller. The sale price equates to approximately $293,333 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,760,000
  • Units: 6
  • Price per Unit: $293,333
  • Address: 747 Southwest 5th Street
  • Market: Miami
  • Buyer's Rep: Maria Gavidia - Coldwell Banker
  • Seller's Rep: Jessica Wolf - Luxe Properties

Both Maria Gavidia of Coldwell Banker and Jessica Wolf of Luxe Properties played integral roles in the transaction. They successfully navigated the deal between the buyer and the seller representing their respective parties.

Players

Jessica Wolf

Luxe Properties

Broker

$10.4M

vol

3 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

9.01%

Cash-on-Cash

-2.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93