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767 W 2nd Ave, Hialeah, FL,...

Kristopher Rodriguez Acquires Multifamily Property In Hialeah For $1.275M
SOLDMultiFamily

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

Kristopher C Rodriguez

Fordome Investment Group

Broker

$25.5M

vol

10 deals

Broker
Kristopher C Rodriguez

Kristopher C Rodriguez

Fordome Investment Group

Buyer

$25.5M

vol

10 deals

Buyer

Hialeah MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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