Rene Sanchez Purchases Multifamily Complex In Miami From Jessica Reynoso For $3.04M
2472 Southwest 10th Street
$3,040,000
$156/SF
Building Size
19,466 SF
Asset Type
MultiFamily
Closing
Dec 31, 2025
AI
A 19-unit multifamily complex located at 2454 & 2472 SW 10th St, Miami, FL was sold for $3,040,000. The property spans 19,466 square feet and is situated in the Miami market, specifically within the Little Havana submarket.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,040,000
- Square Footage: 19,466
- Price Per Square Foot: $156
- Buyer: Rene Sanchez
- Seller: Jessica Reynoso
- Brokers: Ricardo Lay & Carl Gorman - APEX Capital Realty
Carl Gorman and Ricardo Lay of APEX Capital Realty represented both buyer Rene Sanchez and seller Jessica Reynoso in this transaction. They successfully navigated various title-related challenges to achieve a smooth closing process.
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
5.22%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93