Updated Dec 21, 2023
RPM Luxe Realty Sells SFR In Miami Beach For $2.6M
4610 Alton Road, Miami Beach, FL, USA
$2,625,000
$632/SF
Building Size
4,153 SF
Asset Type
Single Family Residence
Closing
Jul 20, 2021
About this deal
AI
Located at 4610 Alton Road in Miami Beach, this single-family residential property boasts a spacious layout with a total area of 4,153 square feet. The property was recently sold in a closed transaction, with an asking price of $2,795,000. The final sale price was recorded at $2,625,000, resulting in a price per square foot of $32.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,625,000
- Market: Miami Beach
- Broker: Rodger P Morelli, MBA - RPM Luxe Realty
Rodger P Morelli, MBA from RPM Luxe Realty facilitated the transaction as the broker representing the parties involved. With his expertise and knowledge of the Miami Beach market, Morelli ensured a successful sale of this attractive single-family residential property.
Players
Miami Beach 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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93