Linda Lehman Sells Multifamily Property In Coral Gables For $2.25M

Located in Coral Gables, the multifamily property at 311 & 315 Navarre Avenue was recently sold in a closed transaction. The sale was facilitated by broker Francisco Rodriguez, representing seller Linda Lehman.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $2,250,000
• Units: 10
• Price per Unit: $225,000
• Square Footage: 8,588
• Price per Square Foot: $261
• Capitalization Rate: 5%

This transaction represents an opportunity for the buyer to invest in a well-maintained multifamily property in Coral Gables. With 10 units and a total square footage of 8,588, the property offers a price per unit of $225,000 and a price per square foot of $261. The capitalization rate stands at 5%, indicating a favorable return on investment potential.

Linda Lehman, the seller of the property, entrusted the transaction to broker Francisco Rodriguez. Rodriguez's expertise in the Coral Gables market and his representation of Lehman contributed to the successful sale of the multifamily asset at 311 & 315 Navarre Avenue.