Multi- Family for Sale 4-Unit Multifamily in Pompano Beach · $3.5M Miami Beach Multifamily . $1.9M...

401 Hibiscus Ave Pompano Beach, FL 33062

For More Information:

MICHAEL P CASES, PA Broker / President

305.815.0015

[email protected]

18675 W DIXIE HWY | N MIAMI BEACH, FL 33180 | 305.815.0015 | WWW .LESMANAGEMENT.COM

Multi- Family for Sale

4-Unit Multifamily in Pompano Beach

mailto:[email protected]

TABLE OF CONTENTS JUNE 1st, 2 0 1 8

Confidentiality & Disclaimer All materials and information received or derived from Cases Realty Group, Inc. its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, develop ability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Cases Realty Group, Inc. its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Cases Realty Group, Inc. will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Cases Realty Group, Inc. makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Cases Realty Group, Inc. does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Cases Realty Group, Inc. in compliance with all applicable fair housing and equal opportunity laws.

PROPERTY INFORMATION

LOCATION INFORMATION

FINANCIAL ANALYSIS

Contents

401 HIBISCUS AVE POMPANO BEACH, FL 33062

18675 W DIXIE HWY | N MIAMI BEACH, FL 33180 | 305 .815 .0015 | WWW.LESMANAGEMENT.COM 4 UNIT MULTIFAMILY IN POMPANO BEACH


EXECUTIVE SUMMARY P R O P E R T Y I N F O R M A T I O N

PROPERTY OVERVIEW Lower East Side Management, LLC & Cases Realty Group, Inc are pleased to present a unique opportunity to acquire a 4 unit multifamily in Pompano Beach, FL. Their are two structure each has approximately 1,344 SqFt with combined living area of 2,700 SqFt. Each building has two (one bedroom/ one bathroom) units, totaling 4 one bedrooms. The buildings were built in 1948, land size is 7,969 SqFt (0.1829 Acre).

PROPERTY SUMMARY

Asking Price: To be determined

Estimated Cap Rate: 6.0%

Estimated Cap Rate (short term): 11.5%

Estimated NOI: $34,000

Estimated NOI (short term): $85,000

Building Size: 2,660 SqFt

Year Built: 1948

Market: Pompano Beach

Lot Size: 0.18 Acres / 7,969 SqFt

Cross Streets: Hibiscus Ave and SE 4th St


18675 W DIXIE HWY | N MIAMI BEACH, FL 33180 | 305 .815 .0015 | WWW.LESMANAGEMENT.COM

MAP

4 UNIT MULTIFAMILY IN POMPANO BEACH



MAP 401 HIBISCUS AVE POMPANO BEACH, FL 33062



PHOTOS 401 HIBISCUS AVE POMPANO BEACH, FL 33062


FINANCIALS401 HIBISCUS AVE POMPANO BEACH, FL 33062


BROKER BIO & CONTACT INFOA D V I S O R B I O

MICHAEL P CASES, PA Broker / President Lower East Side ManagementT 305.763.3735

C 305.815.0015 [email protected] FL #3221462

NY #10401269658

As a Miami native, Michael has made his niche in working with off market transactions representing local sellers and foreign national buyers. Michael prides himself on long lasting relationships and always going the extra step for his customers.

Mr. Cases also represents principals in NYC where he is a licensed Real Estate Broker in the State of New York and owns Lower East Side Management, LLC, a property management company. He has opened two brokerages in Miami Beach / Aventura.

Discreet, professional and honest specializing in off market commercial estate.

Deal Summary, 2017:

$8M Miami Beach Retail $5M Miami Beach Retail $6.2M Multifamily in N Miami $2.8M Multifamily in Wilton Manors $11M Mutlifamily in Opa Locka $3.8M Surfside Retail $3.5M Miami Beach Multifamily $1.9M N Miami (assemblage of Multifamily) $1.2M N Miami NNN Lease $1.7M N Miami Beach NNN Lease $3.8M Miami Beach NNN Lease $4.3M worth of Condos in Miami Beach (Fontainebleau) $7.2M worth of Condos in Surfside/Bal Harbour (The Azure / St Regis/ Chateau Fendi)

The Cases Team speaks your language: English / Spanish / Hebrew / French /Russian / Ukrainian / Portuguese / Italian / Mandarin

LANDLORD REP TENANT REP INVESTMENTS PROPERTY MANAGEMENT

18675 W DIXIE HWY | N MIAMI BEACH, FL 33180 | 305 .815 .0015 | WWW .CASESREALT Y.COM The recipients are advised that the sender and Cases Realty Group, Inc. are not qualified to provide, and have not been contracted to provide, legal, financial, or tax advice, and that any such advice regarding any investment by the recipients must be obtained from the recipients' attorney, accountant, or tax professional.

4 UNITS MULTIFAMILY IN POMPANO BEACH


mailto:[email protected]

Multi- Family for Sale 4-Unit Multifamily in Pompano Beach · $3.5M Miami Beach Multifamily . $1.9M...

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