NY RICH INC & ASSOCIATES REAL ESTATE TEXAS & FLORIDA

    24 bed 12 bath 7920 sq ft Built in 1964        Multi-family  

•  Rental Income $1,800 mo. / $21,600 yr.
• Closing Costs to Buy $4,500
• Rehab Projection $13,000
• Utilities $300
• Property Insurance $2,000 / yr.
• Estimated Taxes $2,084 / yr.
• Property Management $3,120 / yr.
• Maintenance $250 / yr.
• HOA Dues $0 / yr.
• $14,146  ProjectedIncome
• 4.60%  Estimated APY 

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SALE PRICE

$8,160,000

PRICE PER UNIT

$170,000

PRICE PER SF

$173.88

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• 48-Unit Condo Portfolio out of 384-Unit Condo Community in Tampa, FL
• Significant Upside with $41,000+ in Proven Loss-to-Lease, and $205+ Per Month in Average Rental Upside through Pro Forma Mark-to-Market Opportunity
• Located in the Highly Desirable Carrollwood Suburb, Just 10-20 Minutes North of the Westshore Business District and Downtown Tampa
• 1988-Vintage Garden Style Gated Community with Modern Amenities
• 87.5% Two-Bedroom Two-Bathroom Floor Plans with In-Unit Washer/Dryer Connections
• Excellent Opportunity to Implement Programmatic Light Value-Add as Majority of Interiors Feature a Mix of Upgrades to Cabinets, Flooring, Countertops, and Appliances
• Amenities Include Clubhouse, Swimming Pool, Fitness Center, Tennis Courts, Laundry Facilities (W/D Connections in 2BR Units), Walking Trails, Gated Access & Assigned Parking

 The newly renovated retail plaza is nearly fully leased with a co-tenancy which includes Salty Donut, Pura Vida and Fox's Sherron Inn. The property is comprised of approximately 10,815 SF between three retail buildings with a total lot size of approximately 17,530 SF. The property benefits from optimal high visibility and provides easy access to both pedestrian and vehicle traffic. The two retail buildings have an outdoor courtyard in the center perfect for hosting patrons.

The Property is located in South Miami on US1 at the gateway to Downtown with close access to the South Miami Metro Rail Station. It is 5 min away from the University of Miami and a few blocks from the Shops at Sunset Place, the Plaza San Remo and the newly build student housing The Standard.

SUMMARY

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SALE PRICE $11,750,000

‍PRICE/SF $1,086

‍BUILDING SIZE 10,815 SF

‍LOT SIZE 17,530 SF

‍CAP RATE 6.11%

HIGHLIGHTS

• Iconic New Construction NNN Retail
• Prime Downtown South Miami Location
• Best In Class Tenants
• Quality Demographics
• Outstanding Visibility and Access with Ample Parking

ADDITIONAL PHOTOS

Excellent Normandy Isle Location

Renovated Units

Impact Resistant Windows and Doors

Upside in Rental Income

Walking Distance from North Beach, Public Transportation, Restaurants, Shops and Grocery Stores

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Cap Rate 4.71%

Number of Units 14

Occupancy 97.0%

Price/Unit $235,714

Price/Gross SF $501.98

Gross SF 6,574

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PRICE PER UNIT

$229,000

PRICE PER SF

$311.33

NOI

$92,112 RSF

NUMBER OF UNITS

9

BUILDING SIZE

6,620 SF

CAP RATE

4.47%

LAND AREA

0.856 Acres

YEAR BUILT

1951

FOR SALE MARINA WITH SHORT TERM RENTAL UNITS .
$7,900,000 ($453.40/SF)

• Hard to Find Mini-Marina Resort with 334 Feet of Highway & Waterway commercial frontage 8 Slips for 45' to 75' Yachts or fit 16 smaller rental boats.

The four-lot marina features eight large boat slips that can accommodate 40’ to 60’ yachts as well as a six-bedroom mansion and four apartments.

• 4 Bedsrooms
• 2 Bathrooms
• 1316 Sq Ft
•  cbs. Central a/c. 
• Needs New Interior

•  ‍3  Bedroom
•  1.5  Bathroom
•  1524 SF
•  built 1954
•  cbs. Roof in Good Condition 2013
•  5 A/C Window Units
•  Minor Rehab Needed
• No HOA
• Vacant

 11102 Biscayne Blvd Miami, FL 33181 

 Type: HOTEL
Bed: 23 Beds
Living Area: 9979 Sq. Ft
Year Built: 1951
AC: WINDOW UNITS
Construction Type: CBS
Status: Off Market‍----------------‍

THIS HOTEL WITH 23 KEYS IS LOCATED AT 11102 NE BISCAYNE BOULEVARD (U.S 1), MIAMI, FLORIDA 33181.

PER THE SELLER AND WITHOUT P&Ls IN MY HANDS, THE NET OPERATING INCOME  IS IN EXCESS OF $400,000 ANNUALLY. THE BUYER WILL GET EVERY SINGLE OUNCE OF FINANCIALS AND DUE DILIGENCE INFORMATION AND DOCUMENTATION  DUE TO THE BUYER.

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TO MOVE FORWARD, THE BUYER AND OR THE SELLER TO SIGN THE ASSET SPECIFIC MASTER FEE AGREEMENT (DEPENDING ON THE EXECUTED PURCHASE PRICE), THE BUYER TO PROVIDE AN ASSET SPECIFIC LETTER OF INTENT TO INCLUDE THE PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW OF DATE AND THE AMOUNT OF THE EARNEST MONEY DEPOSIT THAT WILL BE ESCROWED ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT. THE BUYER TO PROVIDE A BUYER'S COMMERCIAL BIO OF COMMERCIAL ASSET HELD IN THEIR INVESTMENT PORTFOLIO.  THE BUYER TO PROVIDE A BUYER'S VERIFIABLE PROOF OF FUNDS IN THE FORM OF A BANK OR FUND STATEMENT OF ACCOUNT.