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145 Southwest 9th Avenue

Michael Sirven Acquires Multifamily Property From Evelyn Hsu For $912,000 In Florida City
SOLDMultiFamily

Michael Sirven Acquires Multifamily Property From Evelyn Hsu For $912,000 In Florida City

145 Southwest 9th Avenue

$912,000

$175/SF

Building Size

5,194 SF

Asset Type

MultiFamily

Closing

Jun 19, 2025

AI

The property asset involved in the transaction is a multifamily fourplex located at 145 Southwest 9th Avenue in Florida City. The sale price was $912,000 for the 5,194 square feet property which comprises 4 units, resulting in a price per unit of $228,000 and a price per square foot of $175.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $912,000
  • Address: 145 Southwest 9th Avenue
  • Market: Florida City
  • Units: 4
  • Square Footage: 5,194
  • Price per Unit: $228,000
  • Price per Square Foot: $175
  • Buyer: Michael Sirven
  • Seller: Evelyn Hsu
  • Broker: Sam Mekras - MSP Group

The transaction was brokered by Sam Mekras from MSP Group, who facilitated the sale of the off-market fourplex. For any inquiries related to buying, selling, or financing multifamily properties in South Florida, interested parties may reach out to Sam Mekras directly at 786-417-3709 or via email at [email protected].

Players

Sam Mekras

MSP Group

Broker

$101.8M

vol

33 deals

Broker

Evelyn Hsu

Seller

$8.6M

vol

6 deals

Seller

Florida City 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

17.39%

Cash-on-Cash

-4.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93