Rey Jimenez Acquires Multifamily Property In Pinecrest From Deborah Lucas For $1.35M

The property asset involved in the transaction is a multifamily unit located at 7750 Southwest 106th Street in the market of Pinecrest. The sale price for the property was $1,350,000, which comprises two units, with each unit valuing at $675,000. The overall square footage of the property is 4,067, resulting in a price per square foot of $331. The property sits on an approximately 20,740 square foot corner lot featuring two large 3-bedroom, 2-bathroom units, each with a covered back patio and individual driveway.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,350,000
• Units: 2
• Price per Unit: $675,000
• Square Footage: 4,067
• Price per Square Foot: $331
• Buyer: Rey Jimenez
• Seller: Deborah Lucas
• Broker: Sam Mekras - MSP Group LLC

The deal was facilitated by broker Sam Mekras of MSP Group LLC, who represented the transaction. The property offers a combination of land, location, and flexibility, situated in the highly desirable Village of Pinecrest. The sale involved the unique offering of two multifamily units which create an appealing opportunity for buyers in one of South Florida's sought-after communities.