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Rene & Daniel Vargas Acquire Multifamily Asset For $4.5M In Miami

1440 South Le Jeune Road
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This MultiFamily property located in FL was sold for $4,500,000 about 2 years ago. The broker of the deal was Miguel Solis

A multifamily property located at 1440 S Le Jeune Rd in Miami was recently sold in a closed transaction. The property consists of 12 units spread across three separate multi-family apartment buildings. Each unit has been completely remodeled and features 2 bedrooms and 1 bathroom. The sale price for the property was $4,500,000, with each unit selling for $375,000. The total square footage of the property is 12,000, resulting in a price per square foot of $375.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,500,000
  • Units: 12
  • Price per Unit: $375,000
  • Square Footage: 12,000
  • Price per Square Foot: $375
  • Address: 1440 S Le Jeune Rd
  • Market: Miami

The buyers of the property are Rene & Daniel Vargas, while the seller is AP Realty. The transaction was facilitated by broker Miguel Solis of Solis Chirino Group at Douglas Elliman. Miguel Solis represented the buyers in this deal. The sale of this property marks the successful acquisition of an entire city block in Miami.

Note from broker: This deal presents a great opportunity to own 12 fully remodeled units in a prime location on Le Jeune R. The units offer 2 bedrooms and 1 bathroom each, providing comfortable and modern living spaces.

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Deals
  • Location
    1440 S Le Jeune Rd, Coral Gables, Florida 33134, United States1440 S Le Jeune Rd, Coral Gables, Florida 33134, United States
  • Sale Price
    $4,500,000$4,500,000
    $375 PPSF$375 PPSF
  • Area
    12,000 SF12,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Miguel Solis

Miguel Solis

Deals5
Sold$19.3M

Agency

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

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Deal Summary

SALE IMAGE: Miguel Solis & Mario Chirino DATE: 03/15/2022 ADDRESS: 1440 S Le Jeune Rd MARKET: Miami ASSET TYPE: Multifamily BUYER: Rene & Daniel Vargas SELLER: AP Realty BROKER: Miguel Solis - Solis Chirino Group (@SolisChirinoGroup) - Douglas Elliman SALE PRICE: $4,500,000 UNITS: 12 ~ PPU: $375,000 SF: 12,000 ~ PPSF: $375 NOTE FROM BROKER: Entire City Block Sells. 12 units that include 3 separate multi-family apartment buildings on Le Jeune R. Sells for $375,000 a unit. All units included 2 bedroom, 1 bathroom, completely remodeled

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1440 South Le Jeune Road

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