Bluedoor Group Acquires Multifamily Property In Little Havana For $4.6M
1101 Southwest 12th Court, Miami, Florida 33135, United States
$4,600,000
$208/SF
Building Size
22,117 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
AI
The multifamily property located at 1101 SW 12 Ct, 75 Glen Royal Pkwy, 1769 SW 11 Ter, and 2247 SW 9 St in the Little Havana market has been sold. The transaction took place on 10/22/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Units: 41
- Price Per Unit: $112,195
- Square Footage: 22,117
- Price Per Square Foot: $208
- Buyer: Bluedoor Group - Rene Sanchez
- Seller: Barken & Kenbar Investments - John Stewart
The buyer of the property is Bluedoor Group represented by Rene Sanchez. The seller is Barken & Kenbar Investments represented by John Stewart. The brokers involved in the transaction are Alex Isaia from BHHS EWM Realty and Drew Dorsy from Boschetti Realty Group.
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93