Silvia C. Wong Acquires 6-Unit Multifamily In Little Havana For $2.76M
SOLD
$2,760,000
Minnesota
See Similar DealsMultiFamily9,000 SF
Sold 04/24/2023
SOLD
Silvia C. Wong Acquires 6-Unit Multifamily In Little Havana For $2.76M
850 SW 14th Ave
See Similar DealsMultiFamily9,000 SF
Sold 04/24/2023
Summary
MINNESOTA
Asset Type:MultiFamily
Price Per Square Foot:$306
Total Square Footage:9,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$147,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,805.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,083.81
Annual Debt Service$157,005.70
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