According to @tradedmiami, the apartment complex located at 611 Forrest Drive sold on June 10, 2022 for $7,000,000. According to Miami-Dade Property records, the property features 36 one bedroom, one bath apartment units.
The apartment complex was built in 1965. It was previously sold in 2017 or five years ago for $4,700,000. That’s a 49% increase in value in just five years.
IMAGE: Evan Kristol, Felipe Echarte, Alejandro Gonzalez & Freddy Sayegh
ADDRESS: 611 Forrest Dr
MARKET: Miami Springs
ASSET TYPE: Multifamily
BUYER: Andres Guzman
— Traded: Miami (@tradedmiami) June 28, 2022