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1101 Southwest 12th Court, ...

Bluedoor Group Acquires Multifamily Property In Little Havana For $4.6M
SOLDMultiFamily

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

Alex Isaia

Compass

Broker

$117M

vol

4 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage

Rene Sanchez

Buyer

$19.5M

vol

5 deals

Buyer

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