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1537 Southwest 10th Street

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

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

1537 Southwest 10th Street

$1,200,000

$162/SF

Building Size

7,395 SF

Asset Type

Single Family Residence

Closing

Sep 11, 2025

AI

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

Mayell Real Estate

Broker

$30.3M

vol

18 deals

Broker
Mayell Real Estate
Mayell Real EstateBrokerage

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93