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

Property Image
SOLD
$4,600,000
Drew Dorsy

Florida

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MultiFamily22,117 SF
Sold 10/22/2021
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Property Image
SOLD

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

1101 Southwest 12th Court, Miami, Florida 33135, United States

See Similar Deals
MultiFamily22,117 SF
Sold 10/22/2021
Drew Dorsy
Contact now

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

Alex Isaia
4 deals$117M volume(305) 432-7175
BROKER

Drew Dorsy
Boschetti Realty Group
2 deals$17.6M volume
BROKER

Berkshire Hathaway HomeServices
BROKERAGE


5 deals$19.5M volume
BUYER

Details

SOLD
IMAGE: Alex Isaia & Drew Dorsy DATE: 10/22/2021 ADDRESS: 1101 SW 12 Ct, 75 Glen Royal Pkwy,1769 SW 11 Ter & 2247 SW 9 St MARKET: Little Havana ASSET TYPE: Multifamily BUYER: Bluedoor Group - Rene Sanchez SELLER: Barken & Kenbar Investments - John Stewart BROKERS: Alex Isaia (@Alex_Isaia) - BHHS EWM Realty & Drew Dorsy (@DrewDorsy) - Boschetti Realty Group SALE PRICE: $4,600,000 UNITS: 41 ~ PPU: $112,195 SF: 22,117 ~ PPSF: $208

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Deal Type
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