Nam Hun Acquires Hialeah Multifamily For $9.86M With Buyer's Rep Victor M. Jaramillo

The multifamily property located at 710 East 9th Avenue in Hialeah was sold for $9,860,000. This property consists of 34 units with a total square footage of 35,000. The price per unit was $290,000, and the price per square foot was $282.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,860,000
• Buyer: Nam Hun
• Buyer's Representative: Victor M. Jaramillo (Cbi.RealEstate) - CBI Real Estate

Victor M. Jaramillo of CBI Real Estate represented the buyer, Nam Hun, in this transaction. The buyer's goal was to achieve their financial targets by selling their warehouse in Doral, Florida, through a 1031 exchange and acquiring this off-market multifamily property. This new investment allowed the buyer to triple their monthly income. Victor Jaramillo mentioned that they have access to a variety of off-market multifamily and industrial properties in Miami, Florida, to assist clients in identifying similar investment opportunities tailored to their requirements.