Year Build: 0
Building Size: 121,162 SqFt.
No of Stories: 0
Total Lot Area: 0.00 Acre
No of Parking: 0
No of Total Units: 178
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 98%
Full Description
Capital Commercial Real Estate Group is pleased to exclusively offer a unique investment opportunity to acquire 178 units, composed of condos, single family homes, duplexes, triplexes, fourplexes and larger multi-family properties in Miami-Dade and Broward Counties. This portfolio offering provides an opportunity to allow an investor to mitigate risk through diversity, while gaining economy of scale in a product starved market. The portfolio is currently 99% leased at below market rents. The portfolio is expected to generate pro forma net operating income of approximately $1,374,054 in the first year of stabilized operations.
There has been steady demand for single family and multi-family residential product as investors view these type of assets as an opportunity to achieve higher stable yields coupled with increasing capital appreciation.
Portfolio properties are located in South Florida in Miami-Dade County:
Miami and Miami Gardens and in Broward County: Hallandale, Hollywood, Dania Beach, Oakland Park, Deerfield Beach, Ft. Lauderdale, Pompano Beach, Lauderdale Lakes, Lauderhill and Coral Springs.