Mohammad Bhuiyan Purchases Multifamily Property From Irvin Pena In Homestead For $2.4M

This multifamily property located at 29030 Old Dixie Highway in Homestead was sold for $2,400,000. The property, consisting of 8 units, has a total square footage of 8,316, resulting in a price per unit of $300,000 and a price per square foot of $288. Built in 2017, it occupies a 41,868 sqft lot with significant redevelopment potential, situated adjacently to US-1 and the updated busway.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Buyer: Mohammad Bhuiyan
• Seller: Irvin Pena
• Brokers: Michael Fernandez & Mario Fernandez - Florida Realty of Miami
• Units: 8
• SF: 8,316
• PPU: $300,000
• PPSF: $288
• Date: 04/11/2025

Michael Fernandez and Mario Fernandez excelled in facilitating this transaction, utilizing their extensive network to successfully connect the buyer and seller. This deal represents a significant activity in the rapidly growing Homestead market.