A 12-unit multifamily property located at 1440 Southwest 42nd Avenue in Miami was acquired by Ramon G. Rodriguez Canovas from sellers Daniel and Rene Vargas for $4.85 million. The asset spans 25,466 square feet and is situated on 0.58 acres, with a price per unit of $404,167 and a price per square foot of $190.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,850,000
• Buyer: Ramon G. Rodriguez Canovas
• Seller: Daniel Vargas & Rene Vargas
• Broker: Christopher Canizares & Vicente Rodriguez - Fausto Commercial Realty Consultants
• Units: 12
• Square Footage: 25,466
• Price per Unit: $404,167
• Price per Square Foot: $190
• Acreage: 0.58

Christopher Canizares and Vicente Rodriguez from Fausto Commercial Realty Consultants represented the transaction, facilitating the deal between the buyer and the sellers. Their involvement highlights the expertise provided in the multifamily property sector within the Miami market.