©MMXVI ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company.Equal Housing Opportunity. Each Office is Independently Owned and Operated. The information contained herein is deemed accurate but not guaranteed. Prices are subject to change without notice.

EDUARDO "EDDIE" GILSenior Commercial Specialistegil@onecommercialre.com305.219.4751

ROBINSON SEDA JRSenior Commercial Advisorrsedajr@onecommercialre.com305.903.4178

For more information, please contact:

The RE Team at ONE Commercial is proud to present 701 82nd Street in Miami Beach,Florida. A 2-story residential building with 4 two-bedroom / one bath units. Completelygutted and renovated in 2015, the property has been painted, new roof installed, allinterior corridors redone, new flooring, new kitchens, new bathrooms and windows. Allunits enjoy central air conditioning, granite tops in the kitchen, wood cabinets and pergowood flooring thru-out. The property maintains a full occupancy since completion andrents have continued to increase with room to grow. On site parking for up to 4-cars,with additional street side parking available from the city. Truly a gem of an asset in theheart of the growing area of North Beach.

PROPERTY OVERVIEW

701 82nd Street is located in North Beach, just east of Normandy Isles, south ofAventura, north of South Beach and west of Collins Avenue. The location offers easyaccess to nearby beaches, dining venues of Lincoln Road, Midtown and Wynwood,access to employment areas of Downtown Miami, Aventura and South Beach andentertainment venues along Collins Avenue, Washington Avenue and Mainland Miami.MIami Beach enjoys year-round great weather with average temperatures in the 80's, agrowing millennial population, continued investments in real estate, job creation fromhigh-tech companies and hospitality, and is ranked as one of the top destinations in theworld for travelers. With world class dining and hotel options, entertainment venues andbeautiful beaches, Miami Beach is the place to see and be seen.

LOCATION OVERVIEW

OFFERING SUMMARYSale Price: $1,199,000

Price / SF: $321.88

Number Of Units: 4

Cap Rate: 3.62%

NOI: $43,440

Lot Size: 5,650 SF

Year Built: 1947

Building Size: 3,725 SF

Renovated: 2015

Zoning: RM-1

Market: Miami-Dade County

Submarket: Miami Beach

Executive Summary

Multi-Family Property For Sale

BOUTIQUE MIAMI BEACH FOURPLEX FOR SALE701 82nd Street, Miami Beach, FL 33141

©MMXVI ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company.Equal Housing Opportunity. Each Office is Independently Owned and Operated. The information contained herein is deemed accurate but not guaranteed. Prices are subject to change without notice.

EDUARDO "EDDIE" GILSenior Commercial Specialistegil@onecommercialre.com305.219.4751

ROBINSON SEDA JRSenior Commercial Advisorrsedajr@onecommercialre.com305.903.4178

For more information, please contact:

Location Maps

Multi-Family Property For Sale

BOUTIQUE MIAMI BEACH QUADPLEX FOR SALE701 82nd Street, Miami Beach, FL 33141

701 82nd Street Prepared by:   The RE Team @ ONE Commercial Real Estate Prepared on: 3/30/2017Miami Beach, FL

Property Analysis

Building Folio # Yr Built Yr Reno # Units Bldg SF Land SF Actual $ Potential $ RE Tax Insurance FPL W/S Landscaping Trash Mgr Total Exps

701 82nd Street, MB 02‐3202‐008‐1450 1947 2015 4 3,725             5,650             5,895$            6,470$            857$              198$                  34$         542$            100$           250$       295$        2,275$            

4 3,725             5,650             5,895$            6,470$            857$              198$                  34$         542$            100$           250$       295$        2,275$            Acre / PSF 1.58$               1.74$              

Annualized 70,740$         77,640$         10,280$        2,377$              406$      6,500$        1,200$       3,000$   3,537$    27,300$         Asking Price

Unit #  Type SF Actual Potential 1,199,000$   1 2/1 780         1,500$            1,600$           2 2/1 780         1,450             1,600             Curr Millage Future Future Monthly Potential3 2/2 860         1,400             1,600             Real Estate Tax Analysis Assmnt Rate Assmnt RE Tax RE Tax Exps (Tax Adj)4 2/2 860         1,475             1,600             701 82nd Street, MB 609,658           1.686% 959,200      16,174$      1,348$    2,766$            

Laundry 70                   70                  3,280      5,895$            6,470$           

Totals: 609,658$          959,200$    16,174$      1,348$    2,766$            

Summary Analysis: Current PotentialRevenue 69,900$            76,800$      V/C 2.00% (1,536)        Laundry 840                   840            

70,740$            100.00% 76,104$       100.00%ExpensesRE Taxes 10,280$            10,280$      Insurance 2,377                2,377         FPL 406                   406            W/S 6,500                6,500         Fire & Phone 1,200                1,200         Trash 3,000                3,000         Management Fee 3,537                3,805          5.00%

27,300$            38.59% 27,568$       36.22%

Net Operating Income 43,440$            61.41% 48,536$       63.78%

Cap Rate 3.62% 4.05%

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.  References to square footage or age are approximate.  Buyer must verify the information and bears all risk for any inaccuracies.  Broker or Owner do not warrant any results, and are not responisble for any errors, omissions or misstatements. ONE Commercial Real Estate

Figures obtained from Seller.  Broker does not guarantee accuracy.  Buyer to rely solely upon their inspection and due dilgence.  Terms and conditions subject to change without notice.

©MMXVI ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company.Equal Housing Opportunity. Each Office is Independently Owned and Operated. The information contained herein is deemed accurate but not guaranteed. Prices are subject to change without notice.

EDUARDO "EDDIE" GILSenior Commercial Specialistegil@onecommercialre.com305.219.4751

ROBINSON SEDA JRSenior Commercial Advisorrsedajr@onecommercialre.com305.903.4178

For more information, please contact:

Additional Photos

Multi-Family Property For Sale

BOUTIQUE MIAMI BEACH FOURPLEX FOR SALE701 82nd Street, Miami Beach, FL 33141