Jose Novo Purchases Multifamily Property From Emmanuel Perez In Hialeah For $950,000

The property involved in the transaction is a fully occupied multifamily asset located at 25 West 9th Street in Hialeah. It consists of 5 units, each with 1 bedroom and 1 bathroom, and offers a total square footage of 2,772. The sale concluded at a total price of $950,000, translating to a price per unit of $190,000 and a price per square foot of $342.71.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $950,000
• Units: 5
• Price Per Unit: $190,000
• Square Footage: 2,772
• Price Per Square Foot: $342
• Buyer: Jose Novo
• Seller: Emmanuel Perez
• Brokers: Joseph Suarez & Noesky Diaz - Trustpoint Realty

Trustpoint Realty facilitated the transaction, representing both the buyer and the seller. This sale presents a value-add opportunity within a high demand rental submarket, showcasing Trustpoint Realty's capabilities in handling off-market properties.