MULTIFAMILY PROPERTY FOR SALE

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1 MULTIFAMILY PROPERTY FOR SALE

2 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: Subject To Offer PROPERTY OVERVIEW Here is your chance to own a performing multifamily building in one of the most coveted locations in South Beach. This property has huge potential for added value through improvements and renovations that will bring significant increases in rent. Number Of Units: 12 Lot Size:.22 Acres Year Built: 1953 Building Size: 9,858 Zoning: RM-2 Market: South Beach Price / SF: $456 PROPERTY HIGHLIGHTS Unbeatable location Value add opportunity Strong rental market with continued growth 12 units that can be turned into 13 units Potential to redevelop into 31 units - Up to 5 stories high or 60 feet (4) 2 bedroom/2 bathroom units (6) 1 bedroom/1 bathroom units (2) studios

3 PROPERTY DESCRIPTION PROPERTY OVERVIEW Here is your chance to own an underperforming multifamily building in one of the most coveted locations in South Beach. This property has huge potential for added value through improvements and/or renovations that will bring significant increases in rent. LOCATION OVERVIEW Location, Location, Location! This underperforming multifamily property is ideal for value add investors. There is a lot of room for improvements and increased returns. The non stop major development all around this location proof of how hot this area is. This building is located right across the street from the famous Mondrian Hotel on South Beach's iconic West Avenue. It is next door to one of South Beach's best restaurants, Tanuki, and is a very short walk from Whole Foods Market. Lincoln Road is within sight and also a short walk away. Rents have been skyrocketing in this area! Take advantage of this opportunity to own one of the last value add multifamily properties in one of the hottest neighborhoods in the country!

4 COMPLETE HIGHLIGHTS SALE HIGHLIGHTS Unbeatable location Value add opportunity Strong rent market that continues increasing 12 units that can be turned into 13 units Potential to redevelop into 31 units - Up to 5 stories high or 60 feet (4) 2 bedroom/2 bathroom units (6) 1 bedroom/1 bathroom units (2) studios

5 ADDITIONAL PHOTOS

6 LOCATION MAPS

7 AERIAL MAP

8 DEMOGRAPHICS REPORT 0.25 MILES 0.5 MILES 1 MILE Total population 4,957 13,690 30,476 Median age Median age (Male) Median age (Female) Total households 3,076 8,129 17,922 Total persons per HH Average HH income $71,906 $66,651 $64,930 Average house value $320,208 $325,693 $350,472 * Demographic data derived from 2010 US Census

9 DEMOGRAPHICS MAP POPULATION 0.25 MILES 0.5 MILES 1 MILE Total population 4,957 13,690 30,476 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE Total households 3,076 8,129 17,922 # of persons per HH Average HH income $71,906 $66,651 $64,930 Average house value $320,208 $325,693 $350,472 * Demographic data derived from 2010 US Census

10 ADVISOR BIO & CONTACT 1 JASON ABITBOL Executive 7215 NE 4th Avenue Miami, FL T JJA@DWNTWNRealtyAdvisors.com PROFESSIONAL BACKGROUND Jason Abitbol is an executive in our Investment Sales and Leasing Division, focusing on multifamily sales and development in Miami-Dade and Broward County. He utilizes his dynamic past experience in business development, branding, and law to provide world class representation. EDUCATION Jason graduated from Florida Atlantic University in 2008 with a Bachelors degree in History. He is also a graduate of the Shepard Broad Law Center at Nova Southeastern University with a Juris Doctorate degree and specializing in research methods and negotiations. Jason is a licensed attorney in the state of Florida.

11 Jason Abitbol Executive (C) (O)