Geno Hodzic Purchases Multifamily Property From Francisco Lagos Marmol For $3.25M In Miami

The property involved in the transaction is a multifamily asset located at 948 Southwest 3rd Street in the Miami market. The sale price was $3,250,000, with a total of 10 units. The property has a total square footage of 6,250, resulting in a price per unit of $325,000 and a price per square foot of $520.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,250,000
• Units: 10
• Square Footage: 6,250
• Price Per Unit: $325,000
• Price Per Square Foot: $520
• Buyer: Geno Hodzic
• Seller: Francisco Lagos Marmol
• Buyer's Representative: Mike Fernandez
• Seller's Representative: Rafael Fermoselle - ElevenTrust Real Estate Services

Eleventrust Real Estate Services successfully represented the Seller in this transaction. Through a targeted marketing approach, the team generated three competitive offers, allowing the Seller to select the most qualified Buyer. The chosen Buyer was completing a 1031 Exchange, which required precise timing and execution, managed seamlessly by the team to ensure a smooth and successful closing.