October 14, 2022 – Alec Bashein and Hernando Perez of Horvath & Tremblay have arranged the sale of Miramar East, a fifteen-unit multi-family property in Miramar, Florida. Bashein and Perez exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,501,000.

Miramar East is located at 6032-6040 Southwest 25th Street in Miramar, Florida.  The Property contains a total of fifteen (15) units in three buildings, consisting of twelve (12) 2-Bedroom/1-Bathroom units and three (3) 1-Bedroom/1-Bathroom units in 11,082 square feet living area on three parcels totaling 0.94 acres of land. The Property includes off-street parking and has been well-maintained by the current ownership. 6032-6040 Southwest 25th Street is currently fully occupied and boasts a desirable unit mix with 80% of the units featuring 2-Bedroom floor plans, which satisfies the high demand for work-force housing in the Fort Lauderdale and Miami real estate markets. The Property has been well-maintained by the current ownership, with several A/C units and over 50% of the hot water heaters replaced over the last 5 years. All three buildings were recently painted with Premium Behr paint and select units have updated kitchens and bathrooms. Miramar East is situated in an excellent location in Central Broward County, directly between Fort Lauderdale and Miami, with immediate access to an appealing array of retail, restaurants, bars, and service amenities. The Property is conveniently located near a number of public transportation options and major roads, and is in close proximity to major attractions and points of interest in the area including the Seminole Hard Rock Hotel, the Hollywood/Fort Lauderdale International Airport, Port Everglades and the World-Famous Hollywood Beach Boardwalk.

Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the Country. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.