Francisco Marmol Acquires Multifamily Asset In Little Havana For $5M

A multifamily property located at 649, 667, 671 SW 7th St in the Little Havana market has been sold for $5,000,000. The sale was completed on September 29, 2021. The property consists of 33 units with an average price per unit of $151,515. The total square footage of the property is 20,767, resulting in a price per square foot of $241. The buyer of the property is Francisco Marmol, while the seller is Juvenal Llanes. The deal was facilitated by Rafael Fermoselle from ElevenTrust Real Estate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 649, 667, 671 SW 7th St
• Market: Little Havana
• Units: 33
• Price per Unit: $151,515
• Square Footage: 20,767
• Price per Square Foot: $241

Rafael Fermoselle from ElevenTrust Real Estate played a crucial role as the broker in facilitating this transaction. The successful completion of the deal showcases the expertise and professionalism of all parties involved.