facebook
Traded Co logo
Submit

Rene Vargas Acquires Multifamily Asset At 1020 Southwest 23rd Avenue From Christian Perez For $2.047M

Property Image
SOLD
$2,047,000
Arthur David Porosoff
Ross Burch

Florida

See Similar Deals
MultiFamily5,904 SF
Sold 02/14/2025
the dealplayerscompscontact
Property Image
SOLD

Rene Vargas Acquires Multifamily Asset At 1020 Southwest 23rd Avenue From Christian Perez For $2.047M

1020 Southwest 23rd Avenue

See Similar Deals
MultiFamily5,904 SF
Sold 02/14/2025
Arthur David Porosoff
Ross Burch
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$346
Total Square Footage:5,904 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 1020 Southwest 23rd Avenue in Miami. The sale price was $2,047,000, with a total of 8 units, resulting in a per unit price of $255,875. The property encompasses a total square footage of 5,904, translating to a price per square foot of $346.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,047,000
  • Buyer: Rene Vargas
  • Seller: Christian Perez
  • Broker Representatives: Ross Burch & Arthur Porosoff (ThePorosoffGroup) - Compass
  • Units: 8
  • Square Footage: 5,904
  • Price Per Unit: $255,875
  • Price Per Square Foot: $346

Ross Burch represented both the buyer and seller in this transaction, facilitating the deal. The Porosoff Group is noted for its active presence in the market, involved in multifamily, new developments, hospitality, and retail investments.

Players

Arthur David Porosoff
Arthur David Porosoff
25 deals$180.7M volume(305) 733-6066
BROKER
Ross Burch
Compass
Ross Burch
1 deal$2M volume(305) 747-4767
BROKER

Details

SOLD
IMAGE: Christian Perez, Arthur Porosoff, Rene Vargas & Ross Burch DATE: 02/14/2025 ADDRESS: 1020 Southwest 23rd Avenue MARKET: Miami ASSET TYPE: Multifamily BUYER: Rene Vargas SELLER: Christian Perez BROKERS: Ross Burch (@Ross_Burch) & Arthur Porosoff (@ArtrageousMiami) (ThePorosoffGroup) - Compass (@Compass) SALE PRICE: $2,047,000 UNITS: 8 ~ PPU: $255,875 SF: 5,904 ~ PPSF: $346 NOTE FROM BROKER: Ross Burch represented both the buyer & seller in the transaction 305-747-4767. The Porosoff Group remains a driving force in the market, leading multifamily, new developments, hospitality, and retail investments. Please reach out to us directly for opportunities that we will be bringing to market soon. Let's go!

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$109,173.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,272.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,703.82
Annual Debt Service$116,445.89