Alex Lorenzo's Duex Capital Group Acquires Multifamily Portfolio In North Miami And Broward For $2.92M

Alex Lorenzo of Duex Capital Group has closed another value-add SFR portfolio in Miami-Dade/Broward County. The portfolio consisted of 10 single-family homes located at 10845 NW 2 Ct, 1735 NE 147 St, 350 NE 161 St, Broward 2151 NW 61 Ave, 2330 Farragut St, 1701 SW 82 Terr, and 4421 NW 34 Ct. The total purchase price for the portfolio was $2,920,000, with each house being acquired at $292,000. The properties span a total area of 15,508 square feet, with a price per square foot of $188.28.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,920,000
• Market: North Miami, North Miami Beach, Lauderdale Lakes, Hollywood & Fort Lauderdale

The seller in this transaction was John Smith. The broker representing Alex Lorenzo and Duex Capital Group was Adam Duncan of Marcus & Millichap. Duex Capital Group plans to remodel all of the properties and aims to exit the homes via primary end-users within 6-12 months. They are actively pursuing investment opportunities in the marketplace.

For more information and to submit potential deals to Duex Capital Group, interested parties can send an email to [email protected].