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6% CAP ~ ORANGE BLOSSOM PLACE~SELLER FINANCG 1000 7th St

10 Unit Block of Flats £3,892,689 (£389,269/Unit) 6% Net Initial Yield Miami Beach, FL 33139

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Investment Highlights

ASSUMABLE SELLER FINANCING LOAN = $2,000,000 ONLY 6.5% INTEREST ONLY Term 3 Years. 1.5 Points at close.
Located near Flamingo Park, S. Pointe Park, S. of Fifth, Lincoln Rd Mall and a variety of outdoor activities!
Privately located in the exclusive NOFI (N. of Fifth) residential neighborhood so it's the quietest part of SOBE. Plenty of permit parking avaialble.

5 blocks to the beach. 2 mins to MacArthur Causeway for easy access to Downtown, Brickell, Wynwood and Design District!
40 year recertification just completed in 2023!! Hundreds of amazing restaurants nearby which have a sensational variety of cuisines!

Executive Summary

ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6.5% INTEREST ONLY = Term 3 Years. 1.5 Points at close. 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths with celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!

NEW 7TH STREET RENT ROLL

FINANCIALS

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Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£266,002	£41.42
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£266,002	£41.42
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£45,887	£7.15
Net Operating Income	£220,115	£34.28

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£266,002
Annual Per SF	£41.42

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£266,002
Annual Per SF	£41.42

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£45,887
Annual Per SF	£7.15

Net Operating Income
Annual	£220,115
Annual Per SF	£34.28

Property Facts

Price	£3,892,689	Apartment Style	Low Rise
Price Per Unit	£389,269	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Net Initial Yield	6%	Building Size	6,422 SF
Sale Conditions	High Vacancy Property	Average Occupancy	100%
No. Units	10	Number of Floors	2
Property Type	Residential	Year Built/Renovated	1951/2023
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park	Parking Ratio	0.93/1,000 SF

Price	£3,892,689
Price Per Unit	£389,269
Sale Type	Investment
Net Initial Yield	6%
Sale Conditions	High Vacancy Property
No. Units	10
Property Type	Residential
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park
Apartment Style	Low Rise
Building Class	C
Lot Size	0.17 AC
Building Size	6,422 SF
Average Occupancy	100%
Number of Floors	2
Year Built/Renovated	1951/2023
Parking Ratio	0.93/1,000 SF

Unit Amenities

Air Conditioning
Dishwasher
Washer/Dryer
Tile Floors

Crown Moulding
Wooden Floors
Vaulted Ceiling
Refrigerator

Stainless Steel Appliances
Range
Dining Room
Double Pane Windows

Family Room
Mother-in-law Unit
Patio
Porch

Site Amenities

Fenced Lot

Vintage Building

Zen Garden

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
2+1	7	£2,465	840
1+1	3	£1,721	720 - 775

PROPERTY TAXES

Parcel Number	02-4203-009-7640	Improvements Assessment	£1,793,767 (2024)
Land Assessment	£944,808 (2024)	Total Assessment	£2,738,575 (2024)

PROPERTY TAXES

Parcel Number

02-4203-009-7640

Land Assessment

£944,808 (2024)

Improvements Assessment

£1,793,767 (2024)

Total Assessment

£2,738,575 (2024)

zoning

Zoning Code	RM-1 (Land Use - County Mf 10 Unit +:mf 3 Or More Unit Total Sq Ft Tax: 7,868 MLS: 6,422 Land Use - State Multi-Fam 10-More Adjusted Sq Ft 6,407 Land Use -)
RM-1 (Land Use - County Mf 10 Unit +:mf 3 Or More Unit Total Sq Ft Tax: 7,868 MLS: 6,422 Land Use - State Multi-Fam 10-More Adjusted Sq Ft 6,407 Land Use -)