Bluedoor Group Acquires Multifamily Property In Little Havana For $4.6M
SOLD
$4,600,000
Florida
See Similar DealsMultiFamily22,117 SF
Sold 10/22/2021
SOLD
Bluedoor Group Acquires Multifamily Property In Little Havana For $4.6M
1101 Southwest 12th Court, Miami, Florida 33135, United States
See Similar DealsMultiFamily22,117 SF
Sold 10/22/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:22,117 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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