Silvia C. Wong Acquires 6-Unit Multifamily In Little Havana For $2.76M
850 SW 14th Ave
$2,760,000
$306/SF
Building Size
9,000 SF
Asset Type
MultiFamily
Closing
Apr 24, 2023
AI
A multi-family property located at 850 SW 14th Ave in Little Havana has been sold for $2,760,000. This property consists of 6 units with a total square footage of 9,000. The price per unit was $460,000, and the price per square foot was $307. The transaction took place on April 24, 2023.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,760,000
- Address: 850 SW 14th Ave
- Market: Little Havana
- Units: 6
- Price per Unit: $460,000
- Square Footage: 9,000
- Price per Square Foot: $307
The buyer of this property is Silvia C. Wong, and the sellers are Ricky Trinidad and Kelly Beam. Angel Liuvet from Miami Realty Law Group represented the buyer, and Frank Rodriguez Melo and Altagracia Labrozzi from Cedano Realty Advisors represented the sellers.
Players
Grand Rapids MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.75%
Cash-on-Cash
-1.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93