Kristopher Rodriguez Acquires Multifamily Property In Hialeah For $1.275M
767 W 2nd Ave, Hialeah, FL, USA
$1,275,000
$354/SF
Building Size
3,595 SF
Asset Type
MultiFamily
Closing
Feb 18, 2021
AI
A multifamily property located at 767 W 2nd Ave in Hialeah has been sold in a transaction that took place on February 19, 2021. The sale was facilitated by Kristopher Rodriguez, Managing Director of Fordome Investment Group, who purchased the property from Carlos Moratinos. The property consists of 12 units, and the sale price was $1,275,000, resulting in a per unit price of $106,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Date: 02/19/2021
- Address: 767 W 2nd Ave, Hialeah
- Market: Hialeah
- Buyer: Kristopher Rodriguez
- Seller: Carlos Moratinos
- Units: 12
- Price Per Unit: $106,250
In this all-cash transaction, Kristopher Rodriguez acquired the property, demonstrating his expertise as the Managing Director of Fordome Investment Group.
Players
Hialeah 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93