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Naomi Apartments LLC Acquires Multifamily Property In Hialeah For $2 Million With Alexis Lizama As The Broker

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SOLD
$2,000,000

Florida

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MultiFamily13,388 SF
Sold 01/08/2026
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Property Image
SOLD

Naomi Apartments LLC Acquires Multifamily Property In Hialeah For $2 Million With Alexis Lizama As The Broker

60 West 11th Street & 74 West 11th Street

See Similar Deals
MultiFamily13,388 SF
Sold 01/08/2026
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$149
Total Square Footage:13,388 SF
Transaction Type:Sale

Naomi Apartments LLC acquired a 12-unit multifamily property located at 60-74 West 11th Street in Hialeah for $2 million. The property spans 6,694 square feet, translating to approximately $298.78 per square foot. It consists of three single-story buildings constructed in the years 1953 and 1957, situated on a 0.46-acre R-3/R-3-5-zoned lot.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Units: 12
  • PPU: $166,667
  • SF: 6,694
  • PPSF: $299
  • Buyer: Naomi Apartments LLC
  • Seller: Margoth Ayad
  • Broker: Alexis Lizama - Coldwell Banker Commercial Realty

Alexis Lizama represented the buyer in this transaction involving the sale of the multifamily property. The deal highlights the participation of Margoth Ayad as the seller of the asset. The transaction involved a property that held a significant value within the Hialeah market.

Players

Alexis Lizama
5 deals$6.9M volume(305) 409-3045
BROKER

Details

SOLD
IMAGE: Alexis Lizama DATE: 01/08/2026 ADDRESS: 60-74 West 11th Street MARKET: Hialeah ASSET TYPE: Multifamily ~ ACRES: 0.46 BUYER: Naomi Apartments LLC SELLER: Margoth Ayad BROKER: Alexis Lizama (@Alexpassiveincome2) - Coldwell Banker Commercial Realty (@CBCWorldwide) SALE PRICE: $2,000,000 UNITS: 12 ~ PPU: $166,667 SF: 6,694 ~ PPSF: $299 NOTE: Naomi Apartments LLC acquired a 12-unit, 6,694-square-foot multifamily property at 60–74 W 11th St in Hialeah for $2 million, or $298.78 per square foot. Margoth Ayad sold the three single-story buildings, built in 1953 and 1957 on a 0.46-acre R-3/R-3-5-zoned lot, with Alex Lizama of Coldwell Banker Commercial Realty representing the buyer.

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

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24