The 17-unit townhome portfolio located at 7985, 7989, 7991 & 7995 Northwest 8th Street in Miami has been sold for $4,000,000. The property spans 19,987 square feet, equating to a price per unit of $235,294 and a price per square foot of $200. The sale was handled by the Colliers South Florida Urban Core Team on behalf of the seller, Samuel Papu.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Buyer: Daniel Ifraimov
• Seller: Samuel Papu
• Brokers: Bradley Arendt, Mika Mattingly, Cecilia Estevez & Jonathan Papeika - Colliers International
• Units: 17
• Square Footage: 19,987

The Colliers South Florida Urban Core Team successfully facilitated the transaction, attracting significant investor interest due to the month-to-month leasing arrangements in place for each unit. This unique selling point provides the new owner with the option to either divest individual units, increase rental rates, or retain the property for stable cash flow.