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Marcello And Flavia Glass Purchase SFR In Miami's Buena Vista For $1.7M

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SOLD
$1,700,000

Florida

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Single Family Residence2,205 SF
Sold 07/21/2023
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Property Image
SOLD

Marcello And Flavia Glass Purchase SFR In Miami's Buena Vista For $1.7M

69 NE 48th St Miami, FL 33137, USA

See Similar Deals
Single Family Residence2,205 SF
Sold 07/21/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$771
Total Square Footage:2,205 SF
Transaction Type:Sale

The property involved in this transaction is a Single Family Home located at 69 NE 48th St in the Buena Vista neighborhood of Miami. The property has a charming design and is just steps away from the Design District. It is situated on a double lot, with 2 separate folios, providing the buyer with the option to build a pool or sell/develop the vacant lot to maximize profits. The property spans 2,205 square feet and was sold for a price of $1,700,000, resulting in a price per square foot of $771.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $1,700,000
  • Address: 69 NE 48th St
  • Market: Miami
  • Buyer: Marcello Glass & Flavia Glass
  • Seller: Megan McIntosh & Guillermo Younger
  • Broker: Brandon Brugal - BZG International Real Estate

The buyers of the property are Marcello Glass and Flavia Glass. The sellers are Megan McIntosh and Guillermo Younger. The broker representing this transaction is Brandon Brugal from BZG International Real Estate.

Players

Brandon Brugal
17 deals$47.3M volume(305) 491-5357
BROKER

Details

SOLD
IMAGE: Brandon Brugal DATE: 07/21/2023 ADDRESS: 69 NE 48TH ST MARKET: Miami ASSET TYPE: SFR BUYER: Marcello Glass & Flavia Glass SELLER: Megan McIntosh & Guillermo Younger BROKER: Brandon Brugal (@Brandon_brugal) - BZG International Real Estate (@BZGInternational) SALE PRICE: $1,700,000 SF: 2,205 ~ PPSF: $771 NOTE FROM BROKER: BEAUTIFUL BUENA VISTA CHARMER STEPS FROM THE DESIGN DISTRICT. THE PROPERTY SITS ON A DOUBLE LOT AND HAS 2 SEPARATE FOLIOS PROVIDING THE BUYER THE OPTION TO BUILD A POOL OR SELL / DEVELOP THE VACANT LOT TO MAXIMIZE PROFITS

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41