Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Key facts

Building Area

Property description

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire Iroquois (the “Property”, or the “Offering”), a 24-unit, urban-infill value-add apartment building in Little Havana, one of Miami’s fastest growing neighborhoods. This 1926 asset recently received a 40-year recertification (January 2020), and underwent a comprehensive $1 million interior / exterior renovation.


Iroquois represents a unique opportunity to acquire an incredibly located urban property in the heart of Little Havana with predominantly 2-bedroom unit configurations (88% of unit mix), that provides steady cash flow and a clear path to implement a proven value-add business plan.

Investment highlights

  • VALUE-ADD ACQUISITION OPPORTUNITY WITH IMMEDIATE UPSIDE VIA MARK-TO-MARKET & PROVEN BUSINESS PLAN
  • MIAMI’S HIGHEST BARRIER TO ENTRY “PROVEN” MULTIFAMILY MARKET
  • $1 MILLION IN MAJOR RENOVATIONS + 40 YEAR RECERTIFICATION
  • IRREPLACEABLE URBAN-INFILL LOCATION IN THE HEART OF LITTLE HAVANA NEXT TO BRICKELL & DOWNTOWN MIAMI
  • DESIRABLE HIGH CONCENTRATION OF 2-BEDROOM UNITS


Last Updated Date: 28 Jun 2021
Max La Cava
Max La Cava
Associate, Capital Markets
Victor Garcia
Victor Garcia
Director, Capital Markets
Broker Licenses
FL-BK3213205

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Last Updated Date: 28 Jun 2021

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