Updated Sep 10, 2026
Alex Rivero Acquires Multifamily Property At 525 Southwest 1st Avenue For $2 Million
525 Southwest 1st Avenue
$2,000,000
$207/SF
Building Size
9,628 SF
Asset Type
MultiFamily
Closing
Aug 20, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 525 Southwest 1st Avenue, Homestead, FL 33030. This well-performing multifamily property comprises 12 units, each featuring large one-bedroom, one-bathroom configurations. The sale price was $2,000,000, and the total square footage of the property is 9,628, resulting in a price per square foot of $207.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 525 Southwest 1st Avenue, Homestead, FL 33030
- Market: Homestead
- Square Footage: 9,628
- Price per Square Foot: $207
- Buyer: Alex Rivero
- Seller: Evelyn Hsu
- Broker: Sam Mekras - MSP Group
Sam Mekras of MSP Group LLC facilitated the deal by representing both the Buyer and Seller in this transaction. MSP Group is actively involved in the multifamily property market in South Florida, indicating their expertise in the sector.
On the Map
$2,000,000
$207/SF
MultiFamily
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Homestead 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93