Kristopher Rodriguez Acquires Multifamily Property In Hialeah For $1.275M
SOLD
$1,275,000
Florida
See Similar DealsMultiFamily3,595 SF
Sold 02/19/2021
SOLD
Kristopher Rodriguez Acquires Multifamily Property In Hialeah For $1.275M
767 W 2nd Ave, Hialeah, FL, USA
See Similar DealsMultiFamily3,595 SF
Sold 02/19/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:3,595 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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