Updated Aug 18, 2026
Rene Vargas Purchases Multifamily Property At 1020 Sw 23rd Avenue From Christina Perez For $2,047,000
1020 Sw 23rd Avenue
$2,047,000
$346/SF
Building Size
5,904 SF
Asset Type
MultiFamily
Closing
Feb 14, 2025
About this deal
AI
The transaction involves a multi-family property located at 1020 Sw 23rd Avenue in Miami. This asset spans a square footage of 5,904 and was sold for a price of $2,047,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $2,047,000.00
- Sale Date: 02/14/2025
- Address: 1020 Sw 23rd Avenue
- Market: Miami
- Broker Representatives: Arthur Porosoff, Ross Burch (Compass)
- Buyer: Rene Vargas
- Seller: Christina Perez
Arthur Porosoff and Ross Burch from Compass represented the transaction, facilitating the deal between Rene Vargas as the buyer and Christina Perez as the seller.
On the Map
$2,047,000
$346/SF
MultiFamily
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Miami 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
7.75%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93