Updated Dec 4, 2024
Maria Gavidia & Jessica Wolf Close $1.76M Miami Multifamily Sale
747 Southwest 5th Street
$1,760,000
Units
6
Asset Type
MultiFamily
Closing
Mar 6, 2024
About this deal
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.
On the Map
$1,760,000
MultiFamily
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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