Rene Vargas Acquires Multifamily Asset At 1020 Southwest 23rd Avenue From Christian Perez For $2.047M

The asset involved in this transaction is a multifamily property located at 1020 Southwest 23rd Avenue in Miami. The sale price was $2,047,000, with a total of 8 units, resulting in a per unit price of $255,875. The property encompasses a total square footage of 5,904, translating to a price per square foot of $346.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,047,000
• Buyer: Rene Vargas
• Seller: Christian Perez
• Broker Representatives: Ross Burch & Arthur Porosoff (ThePorosoffGroup) - Compass
• Units: 8
• Square Footage: 5,904
• Price Per Unit: $255,875
• Price Per Square Foot: $346

Ross Burch represented both the buyer and seller in this transaction, facilitating the deal. The Porosoff Group is noted for its active presence in the market, involved in multifamily, new developments, hospitality, and retail investments.