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Alex Lorenzo's Duex Capital Group Acquires Multifamily Portfolio In North Miami, North Miami Beach, Lauderdale Lakes, Hollywood & Fort Lauderdale For $2.92M

10845 NW 2 Ct
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This MultiFamily property located in FL was sold for $2,920,000. The broker of the deal was Adam Duncan

Duex Capital Group, represented by Alex Lorenzo, has closed on a value-add Single-Family Home (SFR) portfolio in Miami-Dade/Broward County. The portfolio consisted of 10 properties 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 for $292,000. The properties span a total of 15,508 square feet, resulting in a purchase price of $188.28 per square foot.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,920,000
  • Buyer: Alex Lorenzo - Duex Capital Group
  • Seller: John Smith
  • Broker: Adam Duncan - Marcus & Millichap
  • Units: 10
  • Price Per Unit: $292,000
  • Square Footage: 15,508
  • Price Per Square Foot: $188
  • Market: North Miami, North Miami Beach, Lauderdale Lakes, Hollywood, and Fort Lauderdale

Duex Capital Group plans to undertake remodeling projects for all the properties with the aim of stabilizing them. Once the renovations are completed and the properties are stabilized, Duex intends to sell the homes to primary end-users within the next 6 to 12 months. It's important to note that Duex Capital Group remains actively involved in the market and is still pursuing investment opportunities in the area. For those interested in potential deals or investment opportunities, inquiries can be directed to [email protected].

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Deals
  • Location
    10845 NW 2 Ct10845 NW 2 Ct
  • Sale Price
    $2,920,000$2,920,000
    $94 PPSF$94 PPSF
  • Area
    31,016 SF31,016 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Adam Duncan

Adam Duncan

Deals26
Sold$170.8M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6834
Volume$63.9B

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Deal Summary

SALE 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 SELLER: John Smith BROKER: Adam Duncan - Marcus & Millichap 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/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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