South Dade rentals sell for over $4 million

The portfolio of 34 duplexes and 1 house had been family-owned since the 1960s

TRD MIAMI /
Jun.June 17, 2017 10:00 AM

Erick Vargas

Real estate investor Abiel Ballestros paid $4.125 million for a portfolio of 35 parcels in south Miami-Dade County.

Ballestros bought 34 duplexes and one house that had been family-owned since the 1960s. The family that sold the portfolio built the duplexes and operated them as rentals, a practice Ballestros intends to continue.

Robinson Seda Jr.

Kurz Real Estate Corp. broker-associate Erick Vargas represented Ballestros, a local investor who specializes in multifamily properties.

Robinson Seda Jr. and Eddie Gil of ONE Commercial Real Estate represented the seller of the South Dade portfolio, who chose to remain anonymous.

 

Related Articles

arrow_forward_ios
Avi Bittan and the site at 152nd Street and 97th Avenue (Credit: Google Maps)

Senior living developer buys dev site in south Miami-Dade

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

The Eureka Drive site, Deme Mekras, Elliot Shainberg

Garco buys Miami-Dade land for multifamily project

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein (Credit: Daily Beast | Getty)

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

arrow_forward_ios
Loading...