35 INCOME PRODUCING UNITS MIAMI FL | WEST BRICKELL
MONS E RRATE APARTMENTS OFFERED AT
6.95 MILLION WWW.MO N S ERRATEA PA RTM ENTS.CO M
1
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. ZICHELLE Sotheby’s International RealtyJOSEPH Affiliates, LLC supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the
310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
OVERVIEW
3 5 U N I T S | S I X S T O R I E S | B U I L T I N 2 0 1 1 | 1 8 , 0 0 0 L O T S I Z E
Ac t u a l R e n t a l
73 3
Hi s t o r i c a l l y L o w V a c a n c y Up s i d e P o t e n t i a l Occupied Ne w l
Condition
JOSEPH ZICHELLE
2
310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
CENTRAL LOCATION
LIT TLE HAVANA | WEST BRICKELL
4 3 5 S W 1 2 T H AV E
JOSEPH ZICHELLE
3
310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
UNIT MIX
20 (1) BEDROOMS | 15 (2) BATHROOMS
•
2 0 | 1 B E D / 1 B AT H
•
5
| 2 B E D / 1 B AT H
•
5
| 2 B E D / 1 . 5 B AT H
•
5
| 2 B E D / 2 B AT H
•
1 B E D R O O M ( S ) - S TA R T I N G AT 6 5 0 S Q F T
•
2 B E D R O O M ( S ) - S TA R T I N G AT 8 5 0 S Q F T
JOSEPH ZICHELLE
4
310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
AMPLE PARKING GATED & SECURED
3 6 PA R K I N G S PAC E S | 1 4 P A R K I N G L I F T S | E A SY AC C E S S 2 H A N D I C A P S PAC E S | C OV E R E D, S E C U R E D, GAT E D
JOSEPH ZICHELLE
5
310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
C CU UR RR RE EN NT T R RE EN NT T R RO OL LL L
UNIT 201 202 203 204 205 206 207 301 302 303 304 305 306 307 401 402 403 404 405 406 407
ACTUAL INCOME LEASE START 9/1/2013 5/1/2013 3/1/2014 5/1/2014 9/1/2013 6/1/2013 8/1/2013 3/1/2014
LEASE END 8/31/2014 4/30/2014 2/28/2015 4/30/2015 8/31/2014 5/31/2014 7/31/2014 2/28/2015
3/1/2014 6/1/2014
2/28/2014 5/31/2015
8/1/2013 3/1/2014 10/1/2013 1/1/2014 4/1/2014 3/1/2014 9/1/2013 5/1/2013 5/1/2013 6/1/2013
7/31/2014 2/28/2015 9/30/2014 12/31/2014 3/31/2015 2/28/2015 8/31/2014 4/30/2014 4/30/2014 5/31/2014
JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
ACTUAL RENT $1,160 $1,200 $1,000 $950 $1,000 $1,250 $1,300 $1,125 $1,350 $1,000 $1,150 $1,000 $1,250 $1,290 $1,125 $1,100 $950 $950 $950 $1,300 $1,195
CURRENT RENT ROLL
UNIT 501 502 503 504 505 506 507 601 602 603 604 605 606 607
ACTUAL INCOME LEASE START 8/1/2013 2/1/2014
LEASE END 7/31/2014 1/31/2015
2/1/2014 3/1/2014 5/1/2014 1/1/2014 4/1/2014 2/1/2014 3/1/2014 8/1/2013 5/1/2013 3/1/2014 3/1/2014
1/31/2015 2/28/2015 4/30/2015 12/31/2014 3/31/2015 1/31/2015 2/28/2015 7/31/2014 4/30/2015 2/28/2015 2/28/2015
JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
ACTUAL RENT $1,125 $1,150 $1,250 $950 $1000 $1,300 $1,300 $1,125 $1,150 $950 $950 $1,000 $1,250 $1,350 $39,445
INCOME STATEMENT
CURRENT EXPENSES & PROFIT
R E N TA L I N C O M E
473,340.00
LAUNDRY INCOME
8,0 00.0 0
OTHER INCOME
1, 8 0 0.0 0
TOTA L I N C O M E
483,1 4 0.0 0
( A P P
&
L A T E
F E E S )
EXPENSE(S) Maintenance, Utilities, Alarm Monitoring, G e n e r a l L a b i l i t y , Li c e n s e s a n d P e r m i t s , W a s t e , Elevators, DSL, Pest Control, Water, and Landscaping
66,320.00
INSURANCE TA X E S ( O N T H E B U I L D I N G )
30,620.00 5 8,600.00
NET INCOME
327,600.00
JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
EXPENSE(S) Utilities Alarm Monitoring Licenses, Permits & Inspections Waste Elevators Phone Pest Control Parking Lift Maitenance Water Landscaping
17,240 3,250 1,550 3,000 7,200 1,300 3,000 5,800 7,600 840
MAINTENANCE
15,540
INSURANCE
30,620
T A X E S
58,600
(ON THE BUILDING)
TOTAL EXPENSES
$ 1 55,540
JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
POTENTIAL INCOME & RETURNS INCREASED CASH FLOW
R E N TA L I N C O M E
547,200.00
LAUNDRY INCOME
8, 0 00.0 0
OTHER INCOME
1, 8 0 0.0 0
TOTA L I N C O M E
557,00 0.0 0
EXPENSE(S)
66,320.00
( A P P
&
L A T E
F E E S )
Maintenance, Utilities, Alarm Monitoring, G e n e r a l L a b i l i t y , Li c e n s e s a n d P e r m i t s , W a s t e , Elevators, DSL, Pest Control, Water, and Landscaping
INSURANCE TA X E S ( O N T H E B U I L D I N G )
30,620.00 5 8,600.00
NET INCOME
401,460.00
JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
KEY INVESTMENT HIGHLIGHTS GOLDEN OPPORTUNITY
0
5
JOSEPH ZICHELLE
jzichelle@onesothebysrealty.com 310.623.7017 | 305.505.7995
10
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Sotheby’s International Realty Affiliates, LLC supports JOSEPH ZICHELLE the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not 1 0work . 6 2with 3 . 7them 0 1 7and | 3cooperate 0 5 . 5 0fully. 5.79 95 our intention to solicit the offerings of other real estate brokers. We are happy3to Information presented in this email is believe to be reliable, but is not guaranteed. J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M
KE Y FLO O R P L AN AND I ND I V I D UA L F LO O R PL A N MU LT I - FA M I LY | M I A M I , F L WWW.MO NSE RRATEAPARTMENTS.COM
UNIT 1
2ND FLOOR
SQUARE FEET 685
1 2 T H AV E
1 B E D ROOM | 1 BATHROOM
LIV ING RO O M
B EDROOM
5TH STREET
DINING RO O M
KITCHEN
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 2
2ND FLOOR
SQUARE FEET 825
1 2 T H AV E
2 B E D R OOMS | 1 BATHROOM
B E D RO O M
B EDR OOM
5TH STREET
L IV ING RO O M D INING RO O M
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
KITCHEN
UNIT 3
2ND FLOOR
SQUARE FEET 650
1 2 T H AV E
1 B E D ROOM | 1 BATHROOM
B EDRO O M
L IV ING RO O M
5TH STREET
D INING RO O M
KITCHEN
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 4
2ND FLOOR
SQUARE FEET 650 1 B E D ROOM | 1 BATHROOM
1 2 T H AV E
L IV ING RO O M
B E D ROOM
5TH STREET
DINING RO O M
KITCHEN
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 5
2ND FLOOR
SQUARE FEET 650
1 2 T H AV E
1 B E D ROOM | 1 BATHROOM
B EDRO O M L IV ING RO O M 5TH STREET
D INING RO O M
KITCHEN
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 6
2ND FLOOR
SQUARE FEET 850 2 B E D R OOMS | 1.5 BATHROOMS
1 2 T H AV E
KITCHEN
DINING RO O M
L IV ING RO O M
5TH STREET
B EDRO O M
B E D RO O M
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 7
2ND FLOOR
SQUARE FEET 940 2 B E D R OOMS | 2 BATHROOMS
1 2 T H AV E
KITCHEN
DINING RO O M
5TH STREET
B E D RO O M
LIV ING RO O M
B EDR OOM
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 1
3RD TO 6TH FLOOR
SQUARE FEET 685
1 2 T H AV E
1 B E D ROOM | 1 BATHROOM
L IV ING RO O M 5TH STREET
B E D R OOM
D INING RO O M
KITCHEN
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 2
3RD TO 6TH FLOOR
SQUARE FEET 825
1 2 T H AV E
2 B E D R OOMS | 1 BATHROOM
B E D RO O M B E D R OOM
5TH STREET
L IV ING RO O M
KITCHEN
DINING RO O M
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 6
3RD TO 6TH FLOOR
SQUARE FEET 850
1 2 T H AV E
2 B E D R OOMS | 1.5 BATHROOMS
KITCHEN
D INING RO O M L IV ING RO O M
5TH STREET
B E D RO O M
B E D RO O M
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
UNIT 7
3RD TO 6TH FLOOR
SQUARE FEET 940
1 2 T H AV E
2 B E D R OOMS | 2 BATHROOMS
KITCHEN
DINING RO O M
5TH STREET
B E D RO O M
L IV ING RO O M
B EDR OOM
Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.
2ND FLOOR
03
04
05
1 2 T H AV E
02
01
07
5TH STREET
06
3RD TO 6TH FLOOR
03
04
05
1 2 T H AV E
02
01
07
5TH STREET
06
JOSEPH ZICHELLE
jzichelle@onesothebysrealty.com 310.623.7017 | 305.505.7995
10
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Sotheby’s International Realty Affiliates, LLC supports JOSEPH ZICHELLE the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not 1 0work . 6 2with 3 . 7them 0 1 7and | 3cooperate 0 5 . 5 0fully. 5.79 95 our intention to solicit the offerings of other real estate brokers. We are happy3to Information presented in this email is believe to be reliable, but is not guaranteed. J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M