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460 Eldron Drive

Mario Interan Acquires Multifamily Property In Miami Springs For $1.5 Million With Ernie Perez & Alfredo Diaz
SOLDMultiFamily

Mario Interan Acquires Multifamily Property In Miami Springs For $1.5 Million With Ernie Perez & Alfredo Diaz

460 Eldron Drive

$1,500,000

$239/SF

Building Size

6,258 SF

Asset Type

MultiFamily

Closing

Jul 20, 2025

AI

The multifamily asset located at 460 Eldron Drive, in the Miami Springs market, has been sold for $1,500,000. The property comprises 6 units, with a price per unit of $250,000. The total square footage of the asset is 6,258, resulting in a price per square foot of $239.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Buyer: Mario Interan
  • Seller: Charles Sauer
  • Buyer's Representative: Ernie Perez - Gridline Properties
  • Seller's Representative: Alfredo Diaz - The Canero Group
  • Units: 6
  • SF: 6,258
  • PPU: $250,000
  • PPSF: $239

Ernie Perez represents the buyer, Mario Interan, while Alfredo Diaz represents the seller, Charles Sauer, in this transaction. The collaboration of the brokerage firms, Gridline Properties and The Canero Group, facilitated the deal.

Players

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

Miami Springs 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93