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.
Players
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