Alex Lorenzo's Duex Capital Group Acquires Multifamily Portfolio In North Miami And Broward For $2.92M | 10845 Northwest 2 Court, 1735 Northeast 147 Street, 350 Northeast 161 Street, Broward 2151 Northwest 61 Avenue, 2330 Farragut Street, 1701 Southwest 82 Terrace & 4421 Northwest 34 Court | Adam Duncan | MultiFamily | Sale

Summary

Sale

FLORIDA

MultiFamily

15,508 sqft

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].

Players

All
2

Agents
1
Agencies
1

Adam Duncan

First Vice President Investments

$170.8M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Alex Lorenzo DATE: 10/07/2022 ADDRESS: 10845 NW 2 Ct, 1735 NE 147 St, 350 NE 161 St, Broward 2151 NW 61 Ave, 2330 Farragut St, 1701 SW 82 Terr & 4421 NW 34 Ct MARKET: North Miami, North Miami Beach, Lauderdale Lakes, Hollywood & Fort Lauderdale ASSET TYPE: Multifamily BUYER: Alex Lorenzo (@AlexLorenz0) - Duex Capital Group (@DuexCapital) SELLER: John Smith BROKER: Adam Duncan (@DuncDoggz) - Marcus & Millichap (@MarcusMillichap_Fl) ASKING PRICE: $3,270,000 SALE PRICE: $2,920,000 UNITS: 10 ~ PPU: $292,000 SF: 15,508 ~ PPSF: $188 NOTE FROM BUYER: Duex Capital Group closes another Value-Add SFR Portfolio in Miami-Dade/Broward County. This portfolio included a total of 10 Single-Family Homes for a Total Purchase Price of $2,920,000 ($292,000/Each House). The deal equates to $188.28.28/Sq.Ft. Duex has plans to remodel all of the properties and once stabilized, they plan on exiting the homes via primary end-users within 6-12 months. Duex is still actively buying in the marketplace. For investment opportunities & to submit potential deals, send an email to: [email protected]

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Address10845 Northwest 2 Court, 1735 Northeast 147 Street, 350 Northeast 161 Street, Broward 2151 Northwest 61 Avenue, 2330 Farragut Street, 1701 Southwest 82 Terrace & 4421 Northwest 34 Court

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