The 10-unit multifamily property located at 5545 North Miami Avenue in Miami has been sold in an off-market transaction. The property, acquired by Fordome Investment Group, was purchased for a price of $1,600,000. Situated on over 1/4 acre of land, the property features frontage on both North Miami Ave and NE Miami CT. With a total square footage of 5,000, the property offers 10 units, resulting in a price per unit of $160,000. The price per square foot stands at $320.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,600,000
• Units: 10
• Price per Unit: $160,000
• Square Footage: 5,000
• Price per Square Foot: $320

Fordome Investment Group, led by Kristopher Rodriguez, facilitated the acquisition of the property. This purchase adds to their existing portfolio of over 100 apartments in the Upper Buena Vista, Little River, and Hialeah submarkets.