Michael A. Rauf Acquires Multifamily Property In Homestead From Seller Waneta White For $2.7M

A 13-unit multifamily property located at 151 Northwest 8th Street in Homestead has been sold for $2.7 million. The property spans 9,984 square feet and sits on a 0.87-acre lot, reflecting a price per unit of $207,692 and a price per square foot of $270. The transaction involved financing of $1.35 million from MAS Capital Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,700,000
• Buyer: Michael A. Rauf
• Seller: Waneta White
• Broker: Sam Mekras - MSP Group
• Units: 13
• Square Feet: 9,984
• Price Per Unit: $207,692
• Price Per Square Foot: $270
• Market: Homestead
• Financing: $1,350,000 from MAS Capital Partners

Sam Mekras of MSP Group represented the seller, Waneta White, in this transaction, facilitating the sale of the multifamily property to buyer Michael A. Rauf.