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Jeri Powell And Neil Nissan Acquire Single Family Home In Miami From Patricia Cassells For $1.2M

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SOLD
$1,200,000

Florida

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Single Family Residence7,395 SF
Sold
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SOLD

Jeri Powell And Neil Nissan Acquire Single Family Home In Miami From Patricia Cassells For $1.2M

1537 Southwest 10th Street

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Single Family Residence7,395 SF
Sold
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$162
Total Square Footage:7395 SF
Transaction Type:Sale

This asset is a single-family home located at 1537 Southwest 10th Street in the Miami market. The property consists of a 4-bedroom, 2.5-bathroom main house accompanied by a legal 1-bedroom, 1-bathroom cottage. The sale price for this property was $1,200,000, with a total square footage of 7,395, resulting in a price per square foot of $162.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,200,000
  • Address: 1537 Southwest 10th Street
  • Market: Miami
  • Square Footage: 7,395
  • Price per Square Foot: $162
  • Buyer: Jeri Powell and Neil Nissan
  • Seller: Patricia Cassells
  • Broker Representatives: Jennifer Raanan & Benjamin Mayell - Mayell Real Estate

Jennifer Raanan and Benjamin Mayell of Mayell Real Estate represented the transaction in the sale of this property, highlighting its potential as an investment opportunity in a desirable location.

Players

Benjamin Mayell
18 deals$30.3M volume
BROKER

Jennifer Raanan
Mayell Real Estate
1 deal$1.2M volume(516) 983-3630
BROKER

Mayell Real Estate
BROKERAGE

Details

SOLD
IMAGE: Benjamin Mayell & Jennifer Raanan DATE: 09/12/2025 ADDRESS: 1537 Southwest 10th Street MARKET: Miami ASSET TYPE: Single Family BUYER: Jeri Powell and Neil Nissan SELLER: Patricia Cassells BROKERS: Jennifer Raanan (@Sellingsouthbeach) & Benjamin Mayell (@Bennybroker) - Mayell Real Estate (@MayellRE) SALE PRICE: $1,200,000 SF: 7,395 ~ PPSF: $162 NOTE FROM BROKER: Classic Shenandoah! Amazing Investment! 4/2.5 Main house and a legal 1/1 cottage.

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
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