facebook
Traded Co logo
Submit

Guillermo Martinez Acquires Renovated Townhome Community In Miami From Francisco Lagos For $6.55M

Property Image
SOLD
$6,550,000
Sharif Bula
Rafael Fermoselle

Florida

See Similar Deals
MultiFamily19,200 SF
Sold 03/21/2025
the dealplayerscompscontact
Property Image
SOLD

Guillermo Martinez Acquires Renovated Townhome Community In Miami From Francisco Lagos For $6.55M

3079 Northwest 1st Street

See Similar Deals
MultiFamily19,200 SF
Sold 03/21/2025
Sharif Bula
Rafael Fermoselle
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$341
Total Square Footage:19,200 SF
Transaction Type:Sale

The property asset involved in this transaction is a MultiFamily unit located at 3079 Northwest 1st Street in Miami. The transaction was closed at a price of $6,550,000.00. This asset features 11 units, with a total square footage of 19,200. The property is positioned on over 37,000 square feet of land and consists of renovated townhome community units, each unit offering three bedrooms and two and a half baths, designed for spacious living.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,550,000.00
  • Buyer: Guillermo Martinez
  • Seller: Francisco Lagos
  • Units: 11
  • Square Footage: 19,200

Guillermo Martinez is the buyer in this transaction, while Francisco Lagos represents the seller. The property is strategically located near Miami International Airport, the new soccer stadium, and Coral Gables, enhancing its appeal in the real estate market.

Players

Rafael Fermoselle
ElevenTrust Real Estate Services
Rafael Fermoselle
22 deals$109.6M volume(305) 299-4136
BROKER
Sharif Bula
ElevenTrust Real Estate Services
Sharif Bula
8 deals$35.2M volume
BROKER

Details

SOLD
IMAGE: Rafael Fermoselle & Sharif Bula DATE: 03/21/2025 ADDRESS: 3079 Northwest 1st Street MARKET: Miami ASSET TYPE: Multifamily BUYER: Guillermo Martinez SELLER: Francisco Lagos BROKERS: Sharif Bula (@SharifBula) & Rafael Fermoselle (@Rafael_Fermoselle) - ElevenTrust Real Estate Services (@ElevenTrust) SALE PRICE: $6,550,000 UNITS: 11 ~ PPU: $595,454 SF: 19,200 ~ PPSF: $341 NOTE FROM BROKER: Renovated Townhome Community in Prime Miami Location. This property, encompassing over 37,000 square feet of land, offers twelve expansive 3-bedroom, 2.5-bath units, each boasting over 1,600 square feet of living space. Perfectly positioned near Miami International Airport, the new soccer stadium, and Coral Gables, this property promises both convenience and luxury living. Unit Features: Spacious Layout: Each unit features 3 bedrooms and 2.5 baths, designed to provide ample living space.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$349,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,270.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,050.34
Annual Debt Service$372,604.10