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1355 Marseille Drive

Christian Delgado Acquires Single Family Residence On Marseille Drive For $4.5M
SOLDSingle Family

Christian Delgado Acquires Single Family Residence On Marseille Drive For $4.5M

1355 Marseille Drive

$4,500,000

$1,375/SF

Building Size

3,271 SF

Asset Type

Single Family

Closing

Apr 30, 2024

AI

The single-family property located at 1355 Marseille Drive in Miami Beach was sold for $4.5 million. Spanning 3,271 square feet, the property was listed and sold at a price of $1,376 per square foot. The transaction took place on the 30th of April, 2024, with Christian Delgado acquiring the property from Dan Recio & Stephanie Pope. The Inside Network represented both the buyer and the seller in this deal.

Summary of transaction details:

The property at 1355 Marseille Drive was listed at $4.5 million and remarkably sold at the same price within just 20 days of being under contract, as noted by the brokers involved in the transaction.

Players

Alyssa Morgan

The Inside Netwok

Broker

$95M

vol

26 deals

Broker

Miami Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93