Evelyn Hsu Acquires Multifamily Property In Florida City For $1.11M
SOLD
$1,110,000
Florida
See Similar DealsMultiFamily3,660 SF
Sold 10/02/2023
SOLD
Evelyn Hsu Acquires Multifamily Property In Florida City For $1.11M
848 Northwest 10th Street
See Similar DealsMultiFamily3,660 SF
Sold 10/02/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$303
Total Square Footage:3,660 SF
Transaction Type:Sale
A multifamily property in Florida City has been sold for a price of $1,110,000. The property is located at 848 Northwest 10th Street and consists of 6 units. The price per unit in this transaction was $185,000. The total square footage of the property is 3,660, with a price per square foot of $303.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 848 Northwest 10th Street
- Market: Florida City
- Units: 6
- Price per Unit: $185,000
- Square Footage: 3,660
- Price per Square Foot: $303
Evelyn Hsu has acquired the property from Brandon Shpirt. The deal was facilitated by Sam Mekras of MSP Group LLC, who acted as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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