313 SW 5th Avenue & 441 NW 12th Street
Transcript of 313 SW 5th Avenue & 441 NW 12th Street
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
313 SW 5th Avenue & 441 NW 12th StreetHomestead, FL 33030 & Florida City, FL 33034
Exclusive ListingSam MekrasInvestment AssociateDirect:[email protected]
441 NW 12th Street, Florida City, FL | 8 Units
313 SW 5th Avenue Homestead, FL | 8 Units
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
This is a confidential Offering Memorandum intended solely for your limited use and benefit in de-termining whether you desire to express further interest into the acquisition of the Subject Property. This Offering Memorandum contains selected information pertaining to the Property and does not purport to be a representation of state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a pur-chase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of the Owner or MSP Group ,LLC. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approxima-tions. Additional information and an opportunity to inspect the Property will be made available to all interested and qualified prospective purchasers. Neither the Owner or MSP Group, LLC. , nor any of their respective directors, officers, affiliates or representatives are making any representation or warranty, expressed or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Offering Memorandum or use of its contents; and you are to rely solely on your own inves-tigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Offering Mem-orandum. The Owner shall have no legal commit-ment or obligation to any entity review-ing this Offering Memorandum or making an offer to purchase the Prop-erty unless and un-til written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any obligations therein have been satisfied or waived. By receipt of the Offering Memorandum, you agree that this Offering Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or MSP Group, LLC. Furthermore , you agree not to use this Offering Mem-orandum or any of its con-tents in a manner detrimental to the interest of the Owner or MSP Group, LLC. In this Offering Memorandum, certain documents, including leases and other materials, are de-scribed in summary form. These summaries do not purport to be complete nor necessarily accu-rate descriptions of the full agreements referenced. Interested parties are so advised and expect-ed to review all such summaries and other documents of whatever nature independently and not to rely on `the contents of this Offering Memoran-dum in any manner.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MSP Group, LLC AGENT FOR MORE DETAILS
Confidentiality DisclaimerTable of Contents
Section 1.......................Property Description
Section 2...........................Financial Analysis
Section 3.........................Sales Comparables
Section 4..........................Rent Comparables
Section 5...........................About MSP Group
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
Property description
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Property description
Address:City, State Zip:
County:Folio:Units:
Total Square Feet:Year Built:
Lot Size(SF):# of Buildings:
# of Stories:Framing:
Exterior Wall:Roof Structure:Roof Covering:
HVAC:#Parking Spaces:
313 SW 5th AvenueHomestead, FL 33030Miami-Dade10-7813-037-067383,39519506,75022CBSPainted StuccoFlat ConcreteSealedWall4
The 16 units are made up of 2 properties that are walking distance to each other. Both 313 SW 5th Avenue Homestead, FL and 441 NW 12th Street Florida City, FL are comprised of all 1 bedroom 1 bathroom units.There are 8 units in each building. 313 SW 5th Avenue was constructed in 1950 of concrete block with a flat concrete roof. 441 NW 12th Street was constructed in 1957 of concrete block with a Twin T concrete roof. These simply designed all concrete properties provide essential workforce housing in a high occupancy market. The properties are consistently 100% occupied. Area rents seem to be continually increasing as the de-mand for affordable housing expands throughout South Florida.
The properties are both conveniently located near US1 and the Florida Turnpike, two of Miami-Dade County’s main north/south arteries. It is also located blocks away from Downtown Homestead which is enjoying large amounts of new investment that includes a brand new Police Station, City Hall, the reopening of the historic Seminole Theatre and the 65,000 SF Homestead Station currently under construction, which will include a movie of the theatre, bowling alley, large arcade, multiple dinning and retail options. This expansion will bring new amenities and create new employment opportunities in the immediate area. The new Homestead Station development is within walking distance to the properties, less than 0.5 Miles from 313 SW 5th Avenue and less than 0.75 from 441 NW 12th Street. City officials are also planning on adding a bus rapid transit system based out of Homestead Station by 2021. This will help reduce transit time for residents commuting to work in central Miami. Along with the current investment in Downtown Homestead a new Campus for Miami-Dade College along with a student entertainment center and a residential park with interactive games and the ability to host special events are in the works.
Both 313 SW 5th Avenue and 441 NW 12th Street are located in IRS Designated Opportunity Zones. These zones were created in the Tax Cuts and Jobs Act. The designated properties allow for preferential tax treatment to help spur investment in low income communities. On the next page the maps show the subjects with in the designated opportunity zones.
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Address:City, State Zip:
County:Folio:Units:
Total Square Feet:Year Built:
Lot Size(SF):# of Buildings:
# of Stories:Framing:
Exterior Wall:Roof Structure:Roof Covering:
HVAC:#Parking Spaces:
441 NW 12th StreetFlorida City, FL 33034Miami-Dade16-7824-008-115083,01419576,75012CBSPainted StuccoTwin T Flat ConcreteBuilt UpWall8
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL Opportunity Zone Map
Aerial
W Sunrise Blvd
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
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Campbell Drive
441 NW 12th Street
313 SW 5th Avenue Harris Field
South Dade Busway
$50mm - 65,00SF Homestead Station
Aerial
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
8 Units | 313 SW 5th Avenue Homestead, FL
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Ave
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e313 SW 5th Avenue
Aerial
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
8 Units | 441 NW 12th Street Florida City, FL
NW 12th Street
441 NW 12th Street
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
441 NW 12th Street, Florida City, FL | 8 Units 441 NW 12th Street, Florida City, FL | 8 Units
313 SW 5th Avenue, Homestead, FL | 8 Units 313 SW 5th Avenue, Homestead, FL | 8 Units
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
financial analysis
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Unit mix
Wtd Average Rent SF Rent Rent SF Rent Rent SF PF Gr$400 - $650 $538 $1.42 $650 $1.72 $800 $2.12 23.08%
$538 $1.42 $650 $1.72 $800 $2.12 48.84%8 3,020
Current Market Pro Forma# of Units Unit Type SF Rent Range
8 3781 Bed 1 Bath
Current Monthly
Potential Rent
Pro Forma Monthly
Potential Rent$4,300 $6,400
Current Annual
Potential Rent
Pro Forma Annual
Potential Rent$51,600 $76,800
1 Bed 1 Bath, 100%
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
8 Units | 313 SW 5th Avenue Homestead, FL
List Price$/Unit
Down Payment: 35% $167,650 $/SFLoan Amount: 65% $311,350Interest Rate: 6.25% Cap RateAmortization: 30 Years DSCR/Debt Yield 1.19 7.43% 2.09 15.43%
Leveraged ReturnTotal Return
% Per Unit Per Unit Pro Forma$7,800 $9,600 $76,800
-17.31% ($1,350) $0 $0
$6,450 $9,600 $76,800-5.00% ($323) ($480) ($3,840)-3.49% ($225) $0 $0
$5,903 $9,120 $72,960
17.19% $1,014 $1,014 $8,1163.81% $225 $225 $1,800
10.55% $623 $563 $4,5000.51% $30 $30 $2406.78% $400 $400 $3,2001.27% $75 $75 $6005.00% $295 $456 $3,6482.54% $150 $150 $1,2003.39% $200 $200 $1,600
51.03% $3,012 $3,113 $24,904
$2,890 $6,007 $48,056
DSCR 1.19 DSCR 2.09 $23,0042.19% 14.94% $25,052
$3,6482.19% 17.12% $28,700
2.19%
Loan Assumptions
IncomeGross Potential Rent (GPR)
Loss to Lease
17.12%
($10,800)$62,400Current
Contract Services
Gross Potential Income (GPI)Vacancy
Manager Unit
Effective Gross IncomeExpenses
TaxesInsurance
Water/Sewer/TrashElectric
Repairs and Maintenance
Total Return
ManagementGeneral and AdministrativeReserves & Replacements
Total Expenses
Net Operating Income (NOI)
Debt ServiceLeveraged ReturnPrincipal Paydown
$479,000$59,875
$159
2.19%
4.83% 10.03%
14.94%
Current Pro Forma
$3,664$0
$3,664$23,004
$23,123
$24,097
$1,600$1,200$2,361$600
$3,200$240
$4,980$1,800$8,116
$47,220
($1,800)($2,580)$51,600
0.00%
%
34.13%
2.19%1.64%5.00%0.82%4.39%0.33%6.17%2.47%
11.12%
0.00%-5.00%
income and expense
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
8 Units | 313 SW 5th Avenue Homestead, FL
Unit mix
Wtd Average Rent SF Rent Rent SF Rent Rent SF PF Gr$650 - $750 $719 $1.91 $750 $1.99 $800 $2.12 6.67%
$719 $1.91 $750 $1.99 $800 $2.12 11.30%8 3,014
Current Market Pro Forma# of Units Unit Type SF Rent Range
8 3771 Bed 1 Bath
Current Monthly
Potential Rent
Pro Forma Monthly
Potential Rent$5,750 $6,400
Current Annual
Potential Rent
Pro Forma Annual
Potential Rent$69,000 $76,800
1 Bed 1 Bath, 100%
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
8 Units | 441 NW 12th Street Florida City, FL
income and expense
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
8 Units | 441 NW 12th Street Florida City, FL
List Price$/Unit
Down Payment: 35% $164,150 $/SFLoan Amount: 65% $304,850Interest Rate: 6.25% Cap RateAmortization: 30 Years DSCR/Debt Yield 2.03 12.66% 2.10 15.54%
Leveraged ReturnTotal Return
% Per Unit Per Unit Pro Forma$9,000 $9,600 $76,800
-4.17% ($375) $0 $0
$8,625 $9,600 $76,800-5.00% ($431) ($480) ($3,840)-2.17% ($188) $0 $0
$8,006 $9,120 $72,960
12.80% $1,025 $1,025 $8,2012.81% $225 $225 $1,8008.43% $675 $638 $5,1000.37% $30 $30 $2405.00% $400 $400 $3,2000.94% $75 $75 $6005.00% $400 $456 $3,6481.87% $150 $150 $1,2002.50% $200 $200 $1,600
39.72% $3,180 $3,199 $25,589
$4,826 $5,921 $47,371
DSCR 2.03 DSCR 2.10 $22,52411.91% 15.14% $24,847
$3,57211.91% 17.31% $28,419
11.91%
Loan Assumptions
IncomeGross Potential Rent (GPR)
Loss to Lease
17.31%
($3,000)$72,000Current
Contract Services
Gross Potential Income (GPI)Vacancy
Down Unit
Effective Gross IncomeExpenses
TaxesInsurance
Water/Sewer/TrashElectric
Repairs and Maintenance
Total Return
ManagementGeneral and AdministrativeReserves & Replacements
Total Expenses
Net Operating Income (NOI)
Debt ServiceLeveraged ReturnPrincipal Paydown
$469,000$58,625
$156
11.91%
8.23% 10.10%
15.14%
Current Pro Forma
$19,553$0
$19,553$19,053
$38,607
$25,443
$1,600$1,200$3,203$600
$3,200$240
$5,400$1,800$8,201
$64,050
($1,500)($3,450)$69,000
0.00%
%
35.07%
2.19%1.64%5.00%0.82%4.39%0.33%6.99%2.47%
11.24%
0.00%-5.00%
List Price$/Unit
Down Payment: 35% $331,800 $/SFLoan Amount: 65% $616,200Interest Rate: 6.25% Cap RateInterest Only Period: 1 Year DSCR/Debt Yield 1.60 10.02% 2.10 15.49%Amortization: 30 Years Leveraged Return
Total Return
313 SW 4th Ave 441 NW 12th St 313 SW 4th Ave 441 NW 12th StCurrent Current % Per Unit Total Pro Forma Pro Forma % Per Unit Total$62,400 $72,000 $8,400 $134,400 $76,800 $76,800 $9,600 $153,600($10,800) ($3,000) -10.27% -$863 ($13,800) $0 $0 0.00% $0 $0
$51,600 $69,000 $7,538 $120,600 $76,800 $76,800 $9,600 $153,600($2,580) ($3,450) -5.00% -$377 ($6,030) ($3,840) ($3,840) -5.00% -$480 ($7,680)($1,800) ($1,500) -2.74% -$206 ($3,300) $0 $0 0.00% $0 $0
$47,220 $64,050 $6,954 $111,270 $72,960 $72,960 $9,120 $145,920
$8,116 $8,201 14.66% $1,020 $16,317 $8,116 $8,201 14.66% $1,020 $16,317$1,800 $1,800 3.24% $225 $3,600 $1,800 $1,800 3.24% $225 $3,600$4,980 $5,400 9.33% $649 $10,380 $4,500 $5,100 8.63% $600 $9,600$240 $240 0.43% $30 $480 $240 $240 0.43% $30 $480
$3,200 $3,200 5.75% $400 $6,400 $3,200 $3,200 5.75% $400 $6,400$600 $600 1.08% $75 $1,200 $600 $600 1.08% $75 $1,200
$2,361 $3,203 5.00% $348 $5,564 $3,648 $3,648 6.56% $456 $7,296$1,200 $1,200 2.16% $150 $2,400 $1,200 $1,200 2.16% $150 $2,400$1,600 $1,600 2.88% $200 $3,200 $1,600 $1,600 2.88% $200 $3,200
$24,097 $25,443 44.52% $3,096 $49,540 $24,904 $25,589 34.60% $3,156 $50,493
$23,123 $38,607 55.48% $3,858 $61,730 $48,056 $47,371 65.40% $5,964 $95,427
$19,459 $19,053 DSCR 1.60 $38,513 $23,004 $22,524 DSCR 2.10 $45,529$3,664 $19,553 7.00% $1,451 $23,217 $25,052 $24,847 15.04% $3,119 $49,899
$0 $0 $0 $0 $3,648 $3,572 $451 $7,221$3,664 $19,553 7.00% $1,451 $23,217 $28,700 $28,419 17.21% $3,570 $57,119
17.21%
Current All 16 Units Pro Forma All 16 Units
7.00%
$948,000$59,250
$157
10.07%
7.00%
Pro Forma6.51%
15.04%
Total Return
Debt ServiceLeveraged ReturnPrincipal Paydown
Total Expenses
Net Operating Income (NOI)
Reserves & Replacements
ManagementGeneral and Administrative
Repairs and MaintenanceContract Services
Water/Sewer/TrashElectric
TaxesInsurance
Effective Gross IncomeExpenses
Manager/Down Units
Gross Potential Income (GPI)Vacancy
Loan Assumptions
Current
Loss to Lease
IncomeGross Potential Rent (GPR)
income and expense
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
sales comparables
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Sales comparables
313 SW 5th Avenue
441 NW 12th Street
567 NW 15th Street
485 SW 4th Avenue
576 NW 15th Street
317 SW 5th Avenue314 Sw 3rd Avenue
421 NW 12th Street
1
3
5
2
4
1
3
5
2
4
4
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Sales comparables
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
313 SW 5th Avenue 441 NW 12th Street 567 NW 15th Street 485 SW 4th Avenue 576 NW 15th Street 317 SW 5th Avenue 421 NW 12th Street
Price Per Unit
$67,184Average
$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
$180.00
313 SW 5th Avenue 441 NW 12th Street 567 NW 15th Street 485 SW 4th Avenue 576 NW 15th Street 317 SW 5th Avenue 421 NW 12th Street
Price Per SF
$146.65Average
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Sales comparables
Price: $479,000 Price: $469,000 Price: $285,000Total Units: 8 Total Units: 8 Total Units: 4Price/Unit: $59,875 Price/Unit: $58,625 Price/Unit: $71,250
Year Built: 1962 Price/SF: $159 Year Built: 1950 Price/SF: $156 Year Built: 1963 Price/SF: $139Sale Date: On Market Sale Date: On Market Sale Date: 4/3/2018
# Avg SF # Avg SF # Avg SF8 378 8 377 4 512
Total/Average 8 3,020 8 3,014 4 2,048
Unit Type1 Bed 1 Bath
Unit Type1 Bed 1 Bath
313 SW 5th Avenue 441 NW 12th Street 567 NW 15th StreetFlorida City, FL 33034Homestead, FL 33030 Florida City, FL 33034
Unit Type1 Bed 1 Bath
Subject Subject Sales Comparable 1
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Sales comparables
Price: $745,000 Price: $471,000 Price: $1,272,400Total Units: 12 Total Units: 6 Total Units: 22Price/Unit: $62,083 Price/Unit: $78,500 Price/Unit: $57,836
Year Built: 1956 Price/SF: $154 Year Built: 1956 Price/SF: $134 Year Built: 1950 Price/SF: $155Sale Date: 12/16/2016 Sale Date: 12/15/2017 Sale Date: 10/4/2016
# Avg SF # Avg SF # Avg SF12 403 6 588 14 372
8 378
Total/Average 12 4,832 6 3,525 22 8,221
1 Bed 1 Bath
Unit Type Unit Type Unit Type1 Bed 1 Bath 2 Bed 1 Bath Studio
Homestead, FL 33030 Florida City, FL 33034 314 SW 3rd AvenueHomestead, FL 33030
485 SW 4th Avenue 576 NW 15th Street 317 SW 5th Avenue
Sales Comparable 2 Sales Comparable 3 Sales Comparable 4
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Sales comparables
Price: $530,000 Price: $12,000,000 Price: $8,000,000Total Units: 8 Total Units: 100 Total Units: 75Price/Unit: $66,250 Price/Unit: $120,000 Price/Unit: $106,667
Year Built: 1962 Price/SF: $152 Year Built: Price/SF: $213 Year Built: 68625 Price/SF: $145Sale Date: 1/1/2015 Sale Date: 42005 Sale Date: 1/1/2015
# Avg SF # Avg SF # Avg SF8 437 25 400 25 500
25 500 25 80025 650 25 90025 700
Total/Average 8 3,498 100 56,250 75 55,000
421 NW 12th Street Property Name/Adrdress Property Name/AdrdressFlorida City, FL 33034 Address Address
City, State , Zip City, State , Zip
Unit Type Unit Type Unit Type2 Bed 1 Bath Studio Studio
1 Bed 1 Bath 1 Bed 1 Bath2 Bed 1 Bath 2 Bed 1 Bath2 Bed 2 Bath
Sales Comparable 5 Sales Comparable 7 Sales Comparable 8
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
Rent comparables
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
rent comparables
313 SW 5th Avenue
441 NW 12th Street
485 SW 4th Avenue
130-160 SW 4th Avenue
525 SW 1st Avenue
436 SW 8th Avenue
308-316 SW 4th Avenue
1405 NW 2nd Court
309 SW 5th Avenue
314 SW 3rd Avenue
1
3
5
6
8
2
7
41
3
5
6
8
2
7
4
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
rent comparables
0%10%20%30%40%50%60%70%80%90%
100%
Occupancy Rate
99%
Average
0
100
200
300
400
500
600
700
800
Average Unit Size
464Average
$0
$200
$400
$600
$800
$1,000
$1,200
Average Rent
$790Average
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
Average Rent Per SF
$1.76Average
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Rent Sort - Asking rent
Unit Type 1 Unit Type 2Property Name Unit Type # SF Asking Rent Rent/SF Property Name Unit Type # SF Avg. Rent Rent/SF130-160 SW 4th Avenue 1 Bed 1 Bath 24 N/A $925 N/A 130-160 SW 4th Avenue 2 Bed 1 Bath 16 N/A $1,025 N/A525 SW 1st Avenue 1 Bed 1 Bath 12 636 $900 $1.42 N/A $1,025 N/A1405 NW 2nd Court 1 Bed 1 Bath 8 484 $815 $1.69313 SW 5th Avenue PF 1 Bed 1 Bath 8 378 $800 $2.12441 NW 12th Street PF 1 Bed 1 Bath 8 377 $800 $2.12485 SW 4th Avenue 1 Bed 1 Bath 12 403 $800 $1.99436 SW 8th Avenue 1 Bed 1 Bath 12 366 $800 $2.19441 NW 12th Street 1 Bed 1 Bath 8 377 $719 $1.91308-316 SW 4th Avenue 1 Bed 1 Bath 24 378 $700 $1.85314 SW 3rd Avenue Studios 14 372 $690 $1.86309 SW 5th Avenue 1 Bed 1 Bath 8 378 $650 $1.72313 SW 5th Avenue 1 Bed 1 Bath 8 378 $538 $1.42
411 $761 $1.84
Average
Average
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Total Units: 8 Total Units: 8 Total Units: 12Occupancy: 95% Occupancy: 95% Occupancy: 100%Year Built: 1950 Year Built: 1957 Year Built: 1956
Comments: Comments: Comments:
Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SF1 Bed 1 Bath 8 378 $538 $1.42 1 Bed 1 Bath 8 377 $719 $1.91 1 Bed 1 Bath 12 403 $800 $1.99
Total/Average 8 378 $538 $1.42 8 377 $719 $1.91 12 403 $800 $1.99
313 SW 5th AvenueHomestead, FL 33030
441 NW 12th StreetFlorida City, FL
485 SW 4th AvenueHomestead, FL 33030
Rent includes water.Rent includes water.Rent includes water.
rent comparables
Subject Subject Rent Comparable 1Subject
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Total Units: 40 Total Units: 12 Total Units: 12Occupancy: 100% Occupancy: 95% Occupancy: 100%Year Built: 1969 Year Built: 1973 Year Built: 1956
Comments: Comments: Comments:
Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SF1 Bed 1 Bath 24 N/A $925 N/A 1 Bed 1 Bath 12 636 $900 $1.42 1 Bed 1 Bath 12 366 $800 $2.192 Bed 1 Bath 16 N/A $1,025 N/A
Total/Average 40 696 $965 $1.39 12 636 $900 $1.42 12 366 $800 $2.19
Rent includes water.
Homestead, FL 33030 Homestead, FL 33030 Homestead, FL 33030130-160 SW 4th Avenue 525 SW 1st Avenue 436 SW 8th Avenue
Rent includes water. Some tenants are section 8. Rent includes water. Receiving $900 from both private
and section 8 tenants.
Rent comparables
Rent Comparable 2 Rent Comparable 3 Rent Comparable 4
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Rent comparables
Total Units: 24 Total Units: 8 Total Units: 8Occupancy: 100% Occupancy: 100% Occupancy: 100%Year Built: 1970 Year Built: 1956 Year Built: 1950
Comments: Comments: Comments:
Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SF1 Bed 1 Bath 24 378 $700 $1.85 1 Bed 1 Bath 8 484 $815 $1.69 1 Bed 1 Bath 8 378 $650 $1.72
Total/Average 24 378 $700 $1.85 8 484 $815 $1.69 8 378 $650 $1.72
308-316 SW 4th Avenue 1405 NW 2nd Court 309 SW 5th AvenueHomestead, FL 33030 Florida City, FL 33034 Homestead, FL 33030
Rent includes water. Rent includes water. Below rents have been adjusted up
by $15 to reflect water usage.
Rent includes water.
Rent Comparable 5 Rent Comparable 6 Rent Comparable 7
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
Rent comparables
Total Units: 14 Total Units: 100 Total Units: 100Occupancy: 95% Occupancy: 95% Occupancy: 95%Year Built: 1956 Year Built: Year Built:
Comments: Comments: Comments:
Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SF Unit Type # Avg SF Rent Rent/SFStudios 14 372 $690 $1.86 Studio 25 400 $525 $1.31 Studio 25 400 $525 $1.31
1 Bed 1 Bath 25 500 $625 $1.25 1 Bed 1 Bath 25 500 $625 $1.252 Bed 1 Bath 25 650 $725 $1.12 2 Bed 1 Bath 25 650 $725 $1.122 Bed 2 Bath 25 750 $825 $1.10 2 Bed 2 Bath 25 750 $825 $1.10
0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!0 0 0 $0 #DIV/0! 0 0 0 $0 #DIV/0!
#DIV/0! #DIV/0!Total/Average 14 372 $690 $1.86 100 575 $675 $1.17 100 575 $675 $1.17
Below rent has been adjusted by $15 to reflect water usage.
Tenants are responsible for their own water usage.
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Homestead, FL 33030 Address AddressCity, State , Zip City, State , Zip
314 SW 3rd Avenue Property Name/Adrdress Property Name/Adrdress
Rent Comparable 8 Rent Comparable 10 Rent Comparable 11
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155| www.MSPGroup.com
about msp group
16 Units | 313 SW 5th Avenue Homestead, FL & 441 NW 12th Street Florida City, FL
OUR ADVANTAGE
South Florida’s Most Trusted Name in Commercial Real Estate
MSP Group LLC | 7480 Bird Road PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us:
The three pillars of INTEGRITY | SERVICE | RESULTS are the foundation on which MSP Group
was born and the philosophy that every member of our team is committed to. MSP Group’s
success is obviously not due to our size, but rather an unwavering commitment to our
mantra that “the Client’s agenda is the ONLY agenda.” MSP Group founders, Deme Mekras
and Elliot Shainberg, share their deep experience, market knowledge and industry
relationships with their clients. Over the last 14 years, they have closed more than
$650,000,000 and 9,800 units in multifamily sales.
MSP Group Clients benefit from expert valuations because we are multifamily specialists. We
are acutely aware of market trends, submarket nuances and most importantly, current buyer
demand. Our extensive network of active buyers, deep relationships with local, regional and
national lenders all contribute to our ability to get even the toughest of deals closed.
Sales VolumeIntegrity | Service | Results
Specialization | Expert Analysis
$650
,000
,000
9,80
0
$ VOLUME CLOSED # OF UNITS SOLD
LENDER NETWORK
South Florida’s Most Trusted Name in Commercial Real Estate
MSP Group LLC | 7480 Bird Road PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us:
Unlike Our Competitors
How We Get Maximum Results
MSP Group maintains relationships with many local, regional, and national lenders that play a critical role in the liquidity of the apartment market.
We pride ourselves on demonstrating genuine care about our Clients’ individual
circumstances and objectives. Whether you are a private investor or a billion dollar fund
manager, MSP has the knowledge and experience to service your business. Because our
approach is a holistic one, we understand that “sell now” isn’t always the best answer (when’s
the last time you heard a broker say that!?!?).
Over the last 15 years MSP Group founders, Deme Mekras and Elliot Shainberg, have closed
more than $650,000,000 and 9,800 units in multifamily sales. MSP Group’s unmatched work
ethic and experience consistently delivers best-in-class results to our Clients. Tailoring
eachmarketing campaign to the subject Property and specific Client needs, we cast as wide of
a net as possible to ensure market exposure that spans the globe and leaves no stone
unturned.
56%LOCAL
25%OUT OF STATE
19%INTERNATIONAL
MSP Group’s Wide Ranging Investor Pool
GLOBAL REACH
South Florida’s Most Trusted Name in Commercial Real Estate
MSP Group LLC | 7480 Bird Road PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us:
Client’s AgendaWe broadly expose our listings to the market and often proactively market
to the outside brokerage community. Many of our competitors keep their
inventory in house and don’t expose it to the broader market. Some of
them will tell you they “cooperate”, but what they don’t tell you is that they
make cooperating brokers jump through hoops and divulge personal
information about their Buyer before releasing information about the
opportunity. This tactic helps our competitors keep more Seller-paid
commissions in the pockets of the listing broker, but this is at the expense
of the very Client they are supposed to be serving! At MSP Group, the Client’s
agenda is the ONLY Agenda!THE CLIENT’S AGENDAIS THE ONLY AGENDA
Team biographies
REAL ESTATE EXPERTISE/PROFESSIONAL HISTORY
Deme is the visionary and Chief Executive Officer at MSP Group. He is an expert in the multifamily arena and has closed nearly 10,000 units in his career as well as numerous commercial properties and developable land. A dedicated specialist, Deme has a firm command over all aspects of the multifamily business and enjoys a stellar reputation in the market.
A Miami native, Deme grew up in the areas of Coral Gables and Coconut Grove. He attended Ransom Everglades middle and high schools before graduating from Coral Gables Senior High. He then attended Southern Methodist University (SMU) where he earned his Bachelors in Business Administration, majoring in Organizational Behavior and Business Management with a double minor in Spanish and Latin American Studies. Deme is fluent in Spanish which vastly enhances his relationship with his Latin American clientele.
After finishing at SMU in Dallas, Deme returned home to Miami to begin his professional career. He gained valuable experience in a variety of industries ranging from aviation to telecom. During his time as a salesperson in the telecom industry, Deme’s determination and tenacity made him a consistent performer. His last sales position in the tech world was at MCI/Worldcom. Fortunately, he had earned his salespersons license in 2001 and closed his first commercial real estate transaction just as the dot com crash was unfolding.
Having closed the telecom chapter of his career, Deme pursued his calling in the real estate business. After a brief stint at CBRE, he joined the ranks at Marcus & Millichap in Ft. Lauderdale, where he earned the esteemed Rookie of the Year award in 2003. Later he became a founding member of the firm’s Miami office which opened in 2005. Prior to his departure from Marcus & Millichap in 2012, Deme was recognized by the firm numerous times for his performance, including receiving the prestigious National Sales Achievement Award multiple times and earning the title of Vice President of Investment Sales.
He was pulled away from Marcus & Millichap in late 2012 after being recruited at the partner level to join Franklin Street. Deme brought his entire team with him and opened Franklin Street’s Miami office. Over the next 2 years, they put the previously un-recognized brand on the map in South Florida by closing $150,000,000 in deals under the Franklin Street flag.
An entrepreneur at heart, going out on his own was a natural evolution for Deme. In March of 2015, Deme and co-founder, Elliot Shainberg, launched MSP Group. Through their hard work and an unwavering commitment to their founding principles, the company surpassed $100,000,000 in sales and closed over 900 units in the first full calendar year. And the rest is history…in the making!
DEME MEKRASCEO, Managing Partner
Direct:786-671-0149
Mobile:786-208-2684
SALES ACHIEVEMENTS/AWARDS
• Surpassed $600 Million in Closed Deals• Nearly 10,000 units Closed• Power Leader - South Florida Business Journal, 2014• Sales Achievement Award - Franklin Street, 2014• Company Sales Plaque—Marcus & Millichap, 2005,2006, 2012• Seven-Figure Club—Marcus & Millichap, 2009-2012
EDUCATION
Southern Methodist University• BBA in Organizational Behavior and Business Policy, 1998• Double Minor Spanish and Latin American Studies• Licensed Real Estate Broker - Florida
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
Team biographies
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
REAL ESTATE EXPERTISE/PROFESSIONAL HISTORY
Elliot is a Co-Founder and Managing Partner of MSP Group. He has been in the multifamily business in South FL since late 2003 and has closed on the sale of nearly 7,000 multifamily and fractured condominium units in his career. Dedicat-ed to maximum performance for their clients, Elliot and his business partner Deme Mekras, have built a reputation on putting their Clients’ need first and foremost while being aggressive and creative deal makers. A Los Angeles, California native, Elliot also spent time living in the New York City area prior to moving to South Florida with his wife in 2003. He attended Yeshiva University in New York City where he earned his Bachelor degree, majoring in Political Science.
Prior to getting into the real estate business Elliot received multiple sales achievement awards selling payroll related services for Compupay in Midtown Manhattan from 1999 to 2002. In 2003 and while still in New York, he entered the real estate industry and gained valuable experience in property management and then multifamily investment sales for Marcus and Millichap. Elliot transferred to the firm’s Ft. Lauderdale office in 2003, where he focused on multifamily sales in Dade and Broward counties. Later he became a founding member of the firm’s Miami office which opened in 2005 and was the firm’s top selling multifamily agent in their Miami office during the economic downturn of 2009, again proving his mettle.
He was pulled away from Marcus & Millichap in late 2012 after being recruited with Deme Mekras to join Franklin Street. Elliot and Deme put the previously unrecognized brand on the map in South Florida by closing $150,000,000 in deals under the Franklin Street flag between January 2013 and March of 2015.
With 12 years of experience under his belt from large and mid-size commercial real estate firms the next logical step for Elliot’s career was to co-found MSP Group, which he did in 2015. Since opening MSP Group, Elliot and Deme have flourished and repeatedly take business from national and global competitors by cherishing their client relationships and leveraging their deep market knowledge. Their work ethic and commitment to their clients is punctuated by the more than $100,000,000 and 900 units in closed deals achieved in the first full calendar year since MSP Group launched in 2015. The future is bright at MSP Group as the firm continues to build on its core principals of success!
ELLIOT SHAINBERGManaging Partner
Direct:786-671-0151
Mobile:917-992-6189
SALES ACHIEVEMENTS/AWARDS
• Surpassed $370 Million in career closings• Nearly 7,000 Units Closed• Sales Achievement Award - Franklin Street, 2014• #1 Agent Marcus & Millichap Miami Office—2009
EDUCATION
Yeshiva University• BA in Political Science• Licensed Real Estate Salesperson - Florida
REAL ESTATE EXPERTISE/PROFESSIONAL HISTORY
In addition to being a founding member of MSP Group, Sam was instrumental in developing MSP Group’s proprietary financial models, proposal templates and marketing materials. As MSP Group has progressed out of the start-up phase, Sam is an integral part of the MSP Group sales team, focusing on multifamily properties between 10 and 50 units in South Florida.
While Sam was born in Durham, North Carolina, he returned to his family roots, moving to Miami just before Hurricane Andrew in 1992. Both of Sam’s parents being Miami natives and strong family ties brought them back to Miami. Sam grew up in the South Miami area, attending Kenwood K-8 Center and later graduated from Florida Christian School. He then went on to study at Florida International University (FIU) where he earned a Bachelors of Business Administration, majoring in Finance. Sam completed his post graduate studies at FIU and obtained a Master of Science in Finance; earning a 3.8 grade point average while shouldering a full time work load as a Senior Analyst at Franklin Street.
Prior to Franklin Street, Sam began his real estate career with a brief stint at Marcus & Millichap, assisting MSP Group CEO, Deme Mekras in all business functions. Sam logged a combined 3 years at Marcus & Millichap and Franklin Street, where he gained valuable experience, underwriting close to $500,000,000 of multifamily properties and helping to fa-cilitate the teams’ pipeline of closings. Sam’s integrity, knowledge of finance, mastery of Microsoft Excel and rigorous work ethic make him an invaluable asset to MSP Group.
Team biographies
Sam MekrasInvestment Associate
Direct:786-671-0154
Mobile:786-417-3709
EDUCATION
Florida International University• Master Science of Finance, 2014• BBA in Finance, 2013• Licensed Real Estate Salesperson - Florida
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
MSP Group Deals
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
1823-43 DEWEY STREETHollywood, FL
Price: $5,250,000Units: 51Price/Unit: $102,941Year Built: 1949-52
Available—Hollywood, FL
HOLLYWOOD PORTFOLIOHollywood, FL
Price: $9,500,000Units: 90Price/Unit: $105,556Year Built: Multiple
2414 JOHNSON STREETHollywood, FL
Price: $1,900,000Units: 17Price/Unit: $111,765Year Built: 1956
Available—Hollywood, FL
Available—Hollywood, FL Available—Miami, FL
EUREKA DEVELOPMENT SITE10208 Eureka DriveMiami, FL 33157 Price: $4,250,000Buildable Units: 178Price/Buildable Unit: $23,876Year Built: TBD
Available—Opa-Locka, FL
2305 MONROE STREETHollywood, FL
Price: $1,600,000Units: 14Price/Unit: $114,286Year Built: 1966
Available—Hollywood, FL
ALLAPATTAH DEVELOPMENT SITE2137 NW 36th StreetMiami, FL 33142Price: $2,850,000Buildable Units: 102Price/Buildable Unit: $27,941Year Built: TBD
Available—Miami, FL
MOSAIC DEVELOPMENT SITE 13700 NW 22nd AvenueOpa-Locka, FL 33054Price: $1,750,000Buildable Units: 104Price/Buildable Unit: $16,827Year Built: TBD
Available—Hialeah, FL
COMAR ESTATES5795 W 26th AvenueHialeah, FL 33016Price: $2,550,000Buildable Units: 14Price/Unit: $182,143Year Built: 1985
MSP Group Deals
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
313 SW 5TH STREETHomestead, FL 33030Price: $479,000Units: 8Price/Unit: $59,875Year Built: 1950
Available—Homestead & Florida City, FL
SOUTH DADE PORTFOLIOHomestead & Florida City, FLPrice: $948,000Units: 16Price/Unit: $59,250Year Built: 1950, 1956
PALM TERRACE3600 Van Buren Street, Hollywood, FLPrice: $19,550,000Units: 192Price/Unit: $101,822Year Built: 1968
Closed—Davie, FL
441 NW 12TH STREETFlorida City, FL 33034Price: $469,000Units: 8Price/Unit: $58,625Year Built: 1956
Available—Homestead, FL Available—Hollywood, FL Available—Florida City, FL
AVESTA PORTFOLIOMultiple Loations, FLPrice: $81,363,000Units: 2,199Price/Unit: $37,000Year Built: Multiple
Closed—Hollywood, FL
SOUTHWOOD19800 SW 110th Court, Miami, FLPrice: $14,185,000Units: 144Price/Unit: $98,507Year Built: 1979
Closed—Miami, FL
SUNSET PALMS7400 Stirling Road, Davie, FLPrice: $38,500,000Units: 318Price/Unit: $121,069Year Built: 1975
Closed—Florida Portfolio
1747 FUNSTON STREETHollywood, FLPrice: $750,000Units: 8Price/Unit: $93,750Year Built: 1952
CLOSEDCLOSED
CLOSEDCLOSED
MSP Group Deals
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
VIZCAYA VILLAS1000 N Nob Hill Circle, Tamarac, FL
Price: $12,350,000Units: 129Price/Unit: $95,736Year Built: 1990
Closed—Tamarac, FL
NODEN8951 NE 8th St & 800 NE 90th St, Miami, FLPrice: $11,400,000Units: 94Price/Unit: $121,277Year Built: 1968 & 1970
Closed—North Lauderdale, FL
GRAND ISLAND II & IIIMiami & North Miami Beach, FLPrice: $11,000,000Units: 110Price/Unit: $100,000Year Built: 1959/69
Closed—Miami & North Miami Beach, FL
Closed—Wilton Manors, FL
PALM GARDENS2727 N Andrews Ave, Wilton Manors, FL
Price: $14,000,000Units: 163Price/Unit: $85,890Year Built: 1969
Closed—Hialeah, FL
1105 & 1085 W 76TH STREETHialeah, FLPrice: $10,400,000Units: 76Price/Unit: $136,842Year Built: 1968
Closed—Miami, FL Closed—Miami, FL Closed—Hialeah, FL
HIALEAH PORTFOLIOHialeah, FL
Price: $14,100,000Units: 161Price/Unit: $87,578Year Built: 1958-1968
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED
KIMBERLY5101 SW 12th Court, North Lauderdale, FLPrice: $11,900,000Units: 100Price/Unit: $119,000Year Built: 1960
MONSERRATT REFI3000 sw 3rd Avenue Miami, FLPrice: $10,410,000Units: 120Price/Unit: $86,750Year Built: 2000
MSP Group Deals
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
SABAL POINTE CONDOS251 Bonnie Blvd, Palm Springs, FLPrice: $8,190,000Units: 117Price/Unit: $70,000Year Built: 1973
Closed—Palm Springs, FL
INTERMEX9480 S Dixie Highway, Miami, FLPrice: $7,474,000SF: 25,420Price/SF: $294Year Built: 1994e
AUTUMN CHASE CONDOS2200 Gladys St, Largo, FLPrice: $7,431,956Units: 124 of 232Price/Unit: $56,000Year Built: 1975
Closed—Miami, FL
SHADY OAKS5870 56th Ave, St Petersburg, FLPrice: $7,100,000Units: 189Price/Unit: $37,566Year Built: 1972
78 UNIT PORTFOLIOMultiple Addresses, FLPrice: $6,300,000Units: 78Price/Unit: $80,769Year Built: Multiple
Closed—St Petersburg, FL
Closed—Florida Portfolio
SOVEREIGN BANK PORTFOLIOMultiple Locations, FLPrice: $9,000,000Units: 367Price/Unit: $24,523Year Built: Multiple
Closed—Pompano Beach, FL
MIAMI D611 NW 177th St, Miami Gardens, FLPrice: $6,050,000Units: 112Price/Unit: $54,018Year Built: 1972
Closed—Largo, FL Closed—Miami Dade County, FL Closed—Miami Springs, FL
WINDWARD LAKES3985 W McNab Rd, Pompano Beach, FLPrice: $9,600,000Units: 104Price/Unit: $92,308Year Built: 1992
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED
MSP Group Deals
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
CONTINENTAL SPRINGS801 S Royal Poinciana Blvd, Miami Springs, FLPrice: $5,300,000Units: 55Price/Unit: $96,364Year Built: 1966
Closed—Miami Springs, FL
DEL RIO125 SW 18th Court, Miami, FLPrice: $4,620,000Units: 77Price/Unit: $60,000Year Built: 1963
GREENVIEW TAMARAC1000 N Nob Hill Circle, Tamarac, FLPrice: $4,515,000Units: 129Price/Unit: $35,000Year Built: 1990
Closed—Miami, FL
CRESPI WATERFRONT8101 Crespi Blvd, Miami Beach, FLPrice: $4,300,000Units: 24Price/Unit: $179,167Year Built: 1969
GALAXY15005 NE 6th Avenue, Miami, FLPrice: $4,000,000Units: 48Price/Unit: $83,333Year Built: 1972
Closed—Miami Beach, FL
Closed—Hialeah, FL
AMANDA PALMS6425 W 24th Avenue, Hialeah, FLPrice: $5,300,000Units: 67Price/Unit: $79,851Year Built: 1988
Closed—Hialeah, FL
SUMMERTREE GREEN7402 Heritage Hills Drive, Tampa, FLPrice: $$3,850,000Units: 90Price/Unit: $42,778
Closed—Tamarac, FL Closed— Miami, FL Closed— Tampa, FL
JACLYN1315-1345 W 29th St, Hialeah, FLPrice: $6,050,000Units: 72Price/Unit: $84,028Year Built: 1970
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED
MSP Group Deals
MSP Group LLC | 7480 Bird Road PH 830 Miami, FL 33155 | www.MSPGroup.com
MALAGA PARC CONDOS6671 W 22nd Ct, Hialeah, FLPrice: $2,700,000Units: 18Price/Unit: $150,000Year Built: 2006
Closed—Hialeah, FL
1091 GALIANO LAND1091 Galiano Street, Coral Gables, FLPrice: $2,550,000Buildable Units: 27Price/Buildable Unit: $94,444Year Built: TBD
OMAX465 E 28th St, Hialeah, FLPrice: $2,430,000Units: 24Price/Unit: $101,250Year Built: 1959
Closed—Coral Gables, FL
CONTINENTAL WEST447 NE 125th St, North Miami, FLPrice: $2,393,000Units: 36Price/Unit: $66,472
SHENANDOAH ARMS1876 SW 11th Ter, Maimi, FLPrice: $2,266,002Units: 18Price/Unit: $125,889Year Built: 1925/2007
Closed—North Miami, FL
Closed— Hialeah, FL
ALLEGRO1255 W Okeechobee Rd, Hialeah, FL
Price: $2,950,000Units: 30Price/Unit: $98,333Year Built: 1968
Closed— Miami, FL
CASCADE OAKS 3820 Old Cascade Road, Atlanta, GAPrice: $2,200,000Units: 112Price/Unit: $19,643
Closed—Hialeah,FL Closed—Miami, FL Closed—Atlanta, GA
SOUTHWOOD 11050 SW 197th St, Miami, FLPrice: $3,039,550Units: 74Price/Unit: $41,075Year Built: 1966
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED
CLOSEDCLOSED