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Marlene Hernandez Purchases Multifamily Property At 13185 Emerald Drive For $1 Million

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SOLD
$1,000,000

Florida

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MultiFamily2,300 SF
Sold 06/23/2025
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SOLD

Marlene Hernandez Purchases Multifamily Property At 13185 Emerald Drive For $1 Million

13185 Emerald Drive

See Similar Deals
MultiFamily2,300 SF
Sold 06/23/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$434
Total Square Footage:2,300 SF
Transaction Type:Sale

This multifamily property located at 13185 Emerald Drive in North Miami consists of four different structures directly on the water. The property sold for $1 million and has a total square footage of 2,300, resulting in a price per square foot of $434. The buyer acquired the property with a seller contribution of $40,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 4
  • Price Per Unit: $250,000
  • Square Footage: 2,300
  • Price Per Square Foot: $434
  • Buyer: Marlene Hernandez
  • Seller: Dawn Teresa Price Sstadford
  • Buyer's Representative: Carlos Fleites - London Foster Realty

This transaction allowed the buyer, Marlene Hernandez, to diversify her portfolio, which now includes residential, multifamily, and commercial properties. The representation in the deal was provided by Carlos Fleites from London Foster Realty.

Players

Carlos Fleites
1 deal$1M volume(305) 915-5812
BROKER

London Foster Realty
BROKERAGE

Details

SOLD
IMAGE: Carlos Fleites & Marlene Hernandez DATE: 06/23/2025 ADDRESS: 13185 Emerald Drive MARKET: North Miami ASSET TYPE: Multifamily BUYER: Marlene Hernandez (@MarleneHernandez__) SELLER: Dawn Teresa Price Sstadford BUYER'S REP: Carlos Fleites (@CarlosFleites_) - London Foster Realty (@London.Foster.Realty) SALE PRICE: $1,000,000 UNITS: 4 ~ PPU: $250,000 SF: 2,300 ~ PPSF: $434 NOTE FROM BUYER'S REP: This multi family property consist of 4 different structures directly on the water. A short 15 minute boat ride to the bay. The property sold for $1 million with a seller contribution of $40k. With this purchase, buyer has diversified their portfolio now consisting of residential, multi family, and commercial properties.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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