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1124 Pennsylvania Ave

12 Unit Block of Flats £2,998,200 (£249,850/Unit) 5.40% Net Initial Yield Miami Beach, FL 33139

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Investment Highlights

Art Deco` Historic Building South Beach Miami
perfect investment in the optics of future acquiring license for tourists rental

close to ocean and Lincoln road

Executive Summary

new roof (August 2024)
12 units : 8 studios avg 500 sf 4 One bedroom avg 700 sf 11/12 occupied.
recert passed
cap rate during restoration 4.5%
cap rate as rental completed 6.76%
Studios rented at 1,650$ $/mt
One bed. rented at 2,050 $/mt

(1a.) Investment Overview - Harbor Luxury Apartments

1115 euclid property report

Certification 40Y exp 02-18-2028

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Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£202,875	£24.92
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£202,875	£24.92
Taxes	£26,721	£3.28
Operating Expenses	£30,567	£3.76
Total Expenses	£57,288	£7.04
Net Operating Income	£145,586	£17.89

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£202,875
Annual Per SF	£24.92

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£202,875
Annual Per SF	£24.92

Taxes
Annual	£26,721
Annual Per SF	£3.28

Operating Expenses
Annual	£30,567
Annual Per SF	£3.76

Total Expenses
Annual	£57,288
Annual Per SF	£7.04

Net Operating Income
Annual	£145,586
Annual Per SF	£17.89

Property Facts

Price	£2,998,200	Apartment Style	Low Rise
Price Per Unit	£249,850	Building Class	C
Sale Type	Investment	Lot Size	0.16 AC
Net Initial Yield	5.40%	Building Size	8,140 SF
Sale Conditions	Portfolio Sale Short Sale	Average Occupancy	95%
No. Units	12	Number of Floors	2
Property Type	Residential	Year Built	1948
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	0.37/1,000 SF

Price	£2,998,200
Price Per Unit	£249,850
Sale Type	Investment
Net Initial Yield	5.40%
Sale Conditions	Portfolio Sale Short Sale
No. Units	12
Property Type	Residential
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	8,140 SF
Average Occupancy	95%
Number of Floors	2
Year Built	1948
Parking Ratio	0.37/1,000 SF

Unit Amenities

Air Conditioning
Heating

Kitchen

Oven

Tub/Shower

Site Amenities

24 Hour Access

Laundry Facilities

Bicycle Storage

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	4	£1,598	710

1 of 1

Walk Score ®

Walker's Paradise (97)

Bike Score ®

Very Bikeable (76)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	02-4203-009-1040	Total Assessment	£1,422,018 (2024)
Land Assessment	£890,341 (2024)	Annual Taxes	£26,721 (£3.28/sf)
Improvements Assessment	£531,677 (2024)	Tax Year	2023