Raymond Edward Rodriguez Acquires Multifamily Property In Hialeah For $1.99 Million From Alexander Andreus

A multifamily property located at 5883 West 26th Avenue in Hialeah has been sold for $1,990,000. The asset consists of eight units within a two-story structure encompassing 5,996 square feet on a 0.25-acre lot. The property was originally built in 1986 and reflects ongoing investor interest in small multifamily assets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,990,000
• Units: 8
• Price Per Unit: $248,750
• Square Footage: 5,996
• Price Per Square Foot: $332
• Buyer: Raymond Edward Rodriguez
• Seller: Alexander Andreus
• Broker: Oscar Valdes - KW Commercial
• Previous Transaction Price: $1,650,000 in 2023

The transaction featured Raymond Edward Rodriguez acquiring the multifamily asset from 5883 W 26TH AVE LLC, highlighting the active role of KW Commercial in the deal through broker Oscar Valdes. The sale indicates a growing trend in the multifamily real estate market amidst the ongoing demand for small investment properties.