A multifamily property in Little Havana has been sold for $2.05 million. The property, located at 675 Southwest 6th Street, consists of 12 units with a price per unit of $170,000. It spans a total of 3,937 square feet, resulting in a price per square foot of $521. The transaction took place in the Miami market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Units: 12
• Price per Unit: $170,000
• Square Footage: 3,937
• Price per Square Foot: $521

The buyers of the property are Orlando Blanco and Clara Giraldo. They acquired the property from Eduardo Julian Sanchez and Miguel Sanchez. The sale was facilitated by Virgilio Fernandez of Colliers, who represented the sellers and helped secure a record price per square foot contract. Furthermore, the successful sale was a result of a formal listing process that attracted multiple high-priced offers in the area.

If you are interested in acquiring or selling a property and are in need of expert guidance to achieve your investment objectives, feel free to contact Virgilio Fernandez at virgilio.fernandez@colliers.com.