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Francisco Marmol Acquires Little Havana Multifamily For $4.1M

Property Image
SOLD
$4,135,000
Arthur David Porosoff

Florida

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MultiFamily17,730 SF
Sold 05/25/2022
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Property Image
SOLD

Francisco Marmol Acquires Little Havana Multifamily For $4.1M

948 Southwest 3rd Street, Miami, Florida 33135, United States

See Similar Deals
MultiFamily17,730 SF
Sold 05/25/2022
Arthur David Porosoff
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:17,730 SF
Transaction Type:Sale

A multifamily property in Little Havana has been sold for a total of $4,135,000. The property, located at 948 SW 3rd Street, 43 Glen Royal Parkway, and 201 SW 21st Court, comprises a total of 23 units with a sale price per unit of $179,783. The total square footage of the property is 17,730, resulting in a price per square foot of $233.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,135,000
  • Units: 23
  • Price per Unit: $179,783
  • Square Footage: 17,730
  • Price per Square Foot: $233
  • Market: Little Havana

The buyer of the property is Francisco Marmol, while the seller is Gilbert Contreras. The transaction was facilitated by brokers Javier A Ubeda PA and Arthur Porosoff PA, representing the Porosoff Group. For more information regarding the transaction, interested parties can contact Javier at 305-766-1864. This off-market deal in Little Havana offers a prime opportunity for those seeking multifamily properties in the area.

Players

25 deals$180.7M volume(305) 733-6066
BROKER


Details

SOLD
IMAGE: Arthur Porosoff & Javier Ubeda DATE: 05/25/2022 ADDRESS: 948 SW 3rd Street, 43 Glen Royal Parkway & 201 SW 21st Court MARKET: Little Havana ASSET TYPE: Multifamily BUYER: Francisco Marmol SELLER: Gilbert Contreras BROKERS: Javier A Ubeda PA (@MultifamilyMiami) & Arthur Porosoff PA (@ArtrageousMiami) - Porosoff Group SALE PRICE: $4,135,000 UNITS: 23 ~ PPU: $179,783 SF: 17,730 ~ PPSF: $233 NOTE FROM BROKERS: 305-766-1864 - Off Market Little Havana … You know the drill… “Want to be a Multifamily Millionaire? Call Javier”

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$220,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,690.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,602.01
Annual Debt Service$235,224.11