LVR Investments & South Florida JSSA Acquire Multifamily Property In Miami

A multifamily property located at 1361 SW 7 ST in Miami has been sold in a recent transaction. The sale took place on 12/10/2021, with Carlos Sotolongo capturing the image of the property. The asset consists of 12 units, providing a per unit price of $128,833. The total square footage of the property is 7,696, resulting in a price per square foot of $201. The property was listed with an asking price of $1,680,000 but was ultimately sold for $1,546,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,546,000
• Address: 1361 SW 7 ST, Miami
• Market: Miami

The buyer of the property is LVR Investments & South Florida JSSA, represented by Lisset Vazquez & Alberto Serra. On the other hand, the seller is the Estate of Esteban Hernandez. The brokers involved in the transaction are Carlos Sotolongo from South Florida Properties and William Rios from Florida Capital Realty.