Mikon Financial Acquires Multifamily Property In Hialeah For $1.25M
SOLD
$1,250,000
Florida
See Similar DealsMultiFamily4,352 SF
Sold 02/27/2024
SOLD
Mikon Financial Acquires Multifamily Property In Hialeah For $1.25M
99 West 24th Street
See Similar DealsMultiFamily4,352 SF
Sold 02/27/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:4,352 SF
Transaction Type:Sale
The multifamily property located at 99 West 24th Street in Hialeah was sold for $1,250,000. The asset comprises 6 units, totaling 4,352 square feet, resulting in a price per unit of $208,333 and a price per square foot of $287.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Buyer: Mikon Financial - Juan Capote
- Seller: P & E Management - Maritza Estruch
- Buyer's Rep: Kevin Aguirre Martin - Silmar Realty
- Seller's Rep: Kevin Aguirre Martin - Silmar Realty
- Asking Price: $1,250,000
Kevin Aguirre Martin from Silmar Realty represented both the buyer, Mikon Financial, and the seller, P & E Management, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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