Miguel Mesa Acquires Multifamily Asset In Little Havana From Yvette Fernandez For $1.175M
120 Southwest 20th Avenue
$1,175,000
$510/SF
Building Size
2,304 SF
Asset Type
MultiFamily
Closing
Jun 18, 2026
AI
The asset involved in this transaction is a multifamily property located at 120 Southwest 20th Avenue in Little Havana, Miami. The sale concluded at a price of $1,175,000, featuring a total of 6 units within a square footage of 2,304, resulting in a price per unit of $195,833 and a price per square foot of $509.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Units: 6
- Square Footage: 2,304
- Price per Unit: $195,833
- Price per Square Foot: $509
- Buyer: Miguel Mesa
- Seller: Yvette Fernandez
- Brokers: Sofee Desai, Felipe Echarte & Evan Kristol - Marcus & Millichap
The transaction involved key individuals such as buyer Miguel Mesa and seller Yvette Fernandez, with representation from brokers Sofee Desai, Felipe Echarte, and Evan Kristol from Marcus & Millichap overseeing the deal.
Players
Market 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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93