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

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].