Updated Jan 30, 2026
Rene Sanchez Purchases Multifamily Portfolio From Jessica Reynoso In Little Havana For $1.94M
1567 Southwest 4th Street
$1,936,800
$102/SF
Building Size
18,844 SF
Asset Type
MultiFamily
Closing
Nov 19, 2025
About this deal
AI
A 12-unit multifamily portfolio was sold for $1,936,800, with a total square footage of 18,844. The property is located at 1567 Southwest 4th Street in the Miami market, which has shown strong investor demand for stabilized workforce housing. The price per square foot is noted as $102.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,936,800
- Buyer: Rene Sanchez
- Seller: Jessica Reynoso
- Brokers: Ricardo Lay & Carl Gorman - APEX Capital Realty
- Price per Unit: $161,400
- Transaction Date: 11/20/2025
- Location ZIP Code: 33135
Carl Gorman and Ricardo Lay of APEX Capital Realty represented both the buyer and the seller in this transaction. They effectively managed multiple title-related challenges to ensure a smooth closing and were involved in a larger portfolio execution in Little Havana consisting of 65 units totaling $10.5 million.
On the Map
$1,936,800
$102/SF
MultiFamily
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Players
Miami 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
8.19%
Cash-on-Cash
-2.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93