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Marcus & Millichap Brokers $3.6 Million Sale Of Walker Apartments Multifamily Portfolio In Miami

Property Image
SOLD
$3,600,000

Florida

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MultiFamily
Sold 07/24/2025
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Property Image
SOLD

Marcus & Millichap Brokers $3.6 Million Sale Of Walker Apartments Multifamily Portfolio In Miami

14330 Northeast 5th Place

See Similar Deals
MultiFamily
Sold 07/24/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is a multifamily portfolio known as Walker Apartments, located at 14330, 14400, 14410, 14420 & 14430 Northeast 5th Place in Miami. The sale price was $3,600,000 for the 1.19-acre site that comprises 18 units, with a price per unit of $200,000. The property, built in 1960, includes both one-bedroom and three-bedroom units, and has recently undergone capital improvements, including the installation of four new roofs.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Units: 18
  • Price Per Unit: $200,000
  • Acres: 1.19
  • Date of Sale: 07/24/2025
  • Broker: Nicholas McAndrew - Marcus & Millichap

Marcus & Millichap facilitated the sale, representing the transaction for the buyer and seller involved in the deal. The participation of Nicholas McAndrew as the broker highlights the engagement of experienced professionals in handling multifamily real estate transactions in the Miami market.

Players

Nicholas McAndrew
Marcus & Millichap
Nicholas McAndrew
16 deals$68M volume(954) 245-3526
BROKER

Details

SOLD
IMAGE: Nicholas McAndrew DATE: 07/24/2025 ADDRESS: 14330, 14400, 14410, 14420 & 14430 Northeast 5th Place MARKET: Miami ASSET TYPE: Multifamily ~ ACRES: 1.19 BROKER: Nicholas McAndrew (@Nickmc561) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,600,000 UNITS: 18 ~ PPU: $200,000 NOTE: Marcus & Millichap brokered the $3.6 million sale of Walker Apartments, an 18-unit, five-building multifamily portfolio in Miami. The 1.19-acre property, built in 1960, features one- and three-bedroom units and recently underwent capital improvements including four new roofs.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04