Commercial Real Estate. Presentation for: Muilti-Family Property NW 31st Ave Ft. Lauderdale, Fl 33313

Transcription

1 Commercial Real Estate Presentation for: Muilti-Family Property NW 31st Ave Ft. Lauderdale, Fl 33313

2 Executive Summary OFFERING SUMMARY Sale Price: $850,000 Price / SF: $ Number Of Units: 18 Cap Rate: 12.15% NOI: $103,310 PROPERTY OVERVIEW This unique 18 unit property features 6-1/1 units and 12-one bedroom units with shared bathrooms on a 17K SqFt lot that offers ample opportunities for redevelopment. LOCATION OVERVIEW From I-95 Continue on FL-838 West/West Sunrise Blvd. Turn right onto NW 31st Ave. The property will be on the east side of NW 31st Ave between NW 12th St and NW 11th St. Lot Size: 17,064 SF Year Built: 1956 Building Size: 7,537 SF Renovated: 2000 Zoning: Multi-family 10 units or more Christopher A. Hall, Commercial Consultant The Keyes Company Commercial Division Cell: Office: ChristopherHall@Keyes.com accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 2

3 Property Description PROPERTY OVERVIEW Currently performing below market rents, this property offers great income upside potential with renovations needed. Near to major hwys, restaurants, and employers to ensure occupancy. Could be a great idea for a group/adult home. LOCATION OVERVIEW From I-95 Continue on FL-838 West/West Sunrise Blvd. Turn right onto NW 31st Ave. The property will be on the east side of NW 31st Ave between NW 12th St and NW 11th St. SITE DESCRIPTION Parcel size is 4,000 suare feet. ZONING Multi-Family 10 Units Or More accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 3

4 Property Details PROPERTY NAME: The Lofts at PROPERTY ADDRESS: Northwest 31st Avenue Fort Lauderdale, FL APN: PRICE / SF: $ LOT SIZE: BUILDING SIZE: 0.39 AC 7,537 SF BUILDING CLASS: Broward Class 03 ZONING: Multi-family 10 units or more PARKING SPACES: 12 YEAR BUILT: 1956 NUMBER OF STORIES: 2 FOUNDATION: WALLS: Stem Wall Concrete Brick NUMBER OF UNITS: 18 ROOF: Flat accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 4

5 SECTION Additional Photos accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 5

6 Regional Map Northwest 31st Avenue accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 6

7 Location Maps accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 7

8 SECTION Aerial Map accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 8

9 Site Plan accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 9

10 Financial Summary INVESTMENT OVERVIEW Price $850,000 Price per Unit $47,222 G - CAP Rate 12.2% Cash-on-Cash Return (yr 1) - % Total Return (yr 1) - Debt Coverage Ratio - OPERATING DATA Gross Scheduled Income - Other Income - Total Scheduled Income - Vacancy Cost - Gross Income - Operating Expenses - Net Operating Income $103,310 Pre-Tax Cash Flow - FINANCING DATA Down Payment - Loan Amount - Debt Service - Debt Service Monthly - Principal Reduction (yr 1) - ADDITIONAL SECTION 1 Additional Row 1 accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 10

11 Demographics Report 1 MILE 2 MILES 3 MILES Total households 5,046 25,743 63,612 Total persons per hh Average hh income $40,747 $43,289 $48,897 Average house value $155,692 $193,262 $238,038 1 MILE 2 MILES 3 MILES Total population 15,867 78, ,443 Median age Median age (male) Median age (female) * Demographic data derived from 2010 US Census accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 11

12 Demographics Map POPULATION 1 MILE 2 MILES 3 MILES TOTAL POPULATION 15,867 78, ,443 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES TOTAL HOUSEHOLDS 5,046 25,743 63,612 # OF PERSONS PER HH AVERAGE HH INCOME $40,747 $43,289 $48,897 AVERAGE HOUSE VALUE $155,692 $193,262 $238,038 * Demographic data derived from 2010 US Census accuracy of the information. References to square footage are approximate.buyer must verify the information and bears all risks for any inaccuracies. 12