Francisco Marmol Acquires Little Havana Multifamily For $4.1M
948 Southwest 3rd Street, Miami, Florida 33135, United States
$4,135,000
$233/SF
Building Size
17,730 SF
Asset Type
MultiFamily
Closing
May 24, 2022
AI
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
Miami 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
3.84%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93