Michael Rauf Acquires 10-Unit Multifamily In Homestead For $1.39M

A multifamily property located at 40 Northeast 9th Street in Homestead has been sold for a total price of $1,385,000. The property consists of 10 units, with each unit having a price per unit of $138,500. The total square footage of the property is 5,448, resulting in a price per square foot of $254. The sale was completed on 12/14/2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,385,000
• Units: 10
• Price Per Unit: $138,500
• Square Footage: 5,448
• Price Per Square Foot: $254

Michael Rauf has purchased the property from Raul Alvarez. Sam Mekras from MSP Group, LLC represented Michael Rauf as the buyer's representative, while Jorge Cruz from Remax represented Raul Alvarez as the seller's representative.