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35 INCOME PRODUCING UNITS MIAMI FL | WEST BRICKELL

MONS E RRATE APARTMENTS OFFERED AT

6.95 MILLION WWW.MO N S ERRATEA PA RTM ENTS.CO M

1

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. ZICHELLE Sotheby’s International RealtyJOSEPH Affiliates, LLC supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the

310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


OVERVIEW

3 5 U N I T S | S I X S T O R I E S | B U I L T I N 2 0 1 1 | 1 8 , 0 0 0 L O T S I Z E

Ac t u a l R e n t a l

73 3

Hi s t o r i c a l l y L o w V a c a n c y Up s i d e P o t e n t i a l   Occupied Ne w l

Condition

JOSEPH ZICHELLE

2

310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


CENTRAL LOCATION

LIT TLE HAVANA | WEST BRICKELL

4 3 5 S W 1 2 T H AV E

JOSEPH ZICHELLE

3

310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


UNIT MIX

20 (1) BEDROOMS | 15 (2) BATHROOMS

2 0 | 1 B E D / 1 B AT H

5

| 2 B E D / 1 B AT H

5

| 2 B E D / 1 . 5 B AT H

5

| 2 B E D / 2 B AT H

1 B E D R O O M ( S ) - S TA R T I N G AT 6 5 0 S Q F T

2 B E D R O O M ( S ) - S TA R T I N G AT 8 5 0 S Q F T

JOSEPH ZICHELLE

4

310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


AMPLE PARKING GATED & SECURED

3 6 PA R K I N G S PAC E S | 1 4 P A R K I N G L I F T S | E A SY AC C E S S 2 H A N D I C A P S PAC E S | C OV E R E D, S E C U R E D, GAT E D

JOSEPH ZICHELLE

5

310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


C CU UR RR RE EN NT T R RE EN NT T R RO OL LL L

UNIT 201 202 203 204 205 206 207 301 302 303 304 305 306 307 401 402 403 404 405 406 407

ACTUAL INCOME LEASE START 9/1/2013 5/1/2013 3/1/2014 5/1/2014 9/1/2013 6/1/2013 8/1/2013 3/1/2014

LEASE END 8/31/2014 4/30/2014 2/28/2015 4/30/2015 8/31/2014 5/31/2014 7/31/2014 2/28/2015

3/1/2014 6/1/2014

2/28/2014 5/31/2015

8/1/2013 3/1/2014 10/1/2013 1/1/2014 4/1/2014 3/1/2014 9/1/2013 5/1/2013 5/1/2013 6/1/2013

7/31/2014 2/28/2015 9/30/2014 12/31/2014 3/31/2015 2/28/2015 8/31/2014 4/30/2014 4/30/2014 5/31/2014

JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M

ACTUAL RENT $1,160 $1,200 $1,000 $950 $1,000 $1,250 $1,300 $1,125 $1,350 $1,000 $1,150 $1,000 $1,250 $1,290 $1,125 $1,100 $950 $950 $950 $1,300 $1,195


CURRENT RENT ROLL

UNIT 501 502 503 504 505 506 507 601 602 603 604 605 606 607

ACTUAL INCOME LEASE START 8/1/2013 2/1/2014

LEASE END 7/31/2014 1/31/2015

2/1/2014 3/1/2014 5/1/2014 1/1/2014 4/1/2014 2/1/2014 3/1/2014 8/1/2013 5/1/2013 3/1/2014 3/1/2014

1/31/2015 2/28/2015 4/30/2015 12/31/2014 3/31/2015 1/31/2015 2/28/2015 7/31/2014 4/30/2015 2/28/2015 2/28/2015

JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M

ACTUAL RENT $1,125 $1,150 $1,250 $950 $1000 $1,300 $1,300 $1,125 $1,150 $950 $950 $1,000 $1,250 $1,350 $39,445


INCOME STATEMENT

CURRENT EXPENSES & PROFIT

R E N TA L I N C O M E

473,340.00

LAUNDRY INCOME

8,0 00.0 0

OTHER INCOME

1, 8 0 0.0 0

TOTA L I N C O M E

483,1 4 0.0 0

( A P P

&

L A T E

F E E S )

EXPENSE(S) Maintenance, Utilities, Alarm Monitoring, G e n e r a l L a b i l i t y , Li c e n s e s a n d P e r m i t s , W a s t e , Elevators, DSL, Pest Control, Water, and Landscaping

66,320.00

INSURANCE TA X E S ( O N T H E B U I L D I N G )

30,620.00 5 8,600.00

NET INCOME

327,600.00

JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


EXPENSE(S) Utilities Alarm Monitoring Licenses, Permits & Inspections Waste Elevators Phone Pest Control Parking Lift Maitenance Water Landscaping

17,240 3,250 1,550 3,000 7,200 1,300 3,000 5,800 7,600 840

MAINTENANCE

15,540

INSURANCE

30,620

T A X E S

58,600

(ON THE BUILDING)

TOTAL EXPENSES

$ 1 55,540

JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


POTENTIAL INCOME & RETURNS INCREASED CASH FLOW

R E N TA L I N C O M E

547,200.00

LAUNDRY INCOME

8, 0 00.0 0

OTHER INCOME

1, 8 0 0.0 0

TOTA L I N C O M E

557,00 0.0 0

EXPENSE(S)

66,320.00

( A P P

&

L A T E

F E E S )

Maintenance, Utilities, Alarm Monitoring, G e n e r a l L a b i l i t y , Li c e n s e s a n d P e r m i t s , W a s t e , Elevators, DSL, Pest Control, Water, and Landscaping

INSURANCE TA X E S ( O N T H E B U I L D I N G )

30,620.00 5 8,600.00

NET INCOME

401,460.00

JOSEPH ZICHELLE 310.623.7017 | 305.505.7995 J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


KEY INVESTMENT HIGHLIGHTS GOLDEN OPPORTUNITY

0

5

JOSEPH ZICHELLE

jzichelle@onesothebysrealty.com 310.623.7017 | 305.505.7995

10

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Sotheby’s International Realty Affiliates, LLC supports JOSEPH ZICHELLE the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not 1 0work . 6 2with 3 . 7them 0 1 7and | 3cooperate 0 5 . 5 0fully. 5.79 95 our intention to solicit the offerings of other real estate brokers. We are happy3to Information presented in this email is believe to be reliable, but is not guaranteed. J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


KE Y FLO O R P L AN AND I ND I V I D UA L F LO O R PL A N MU LT I - FA M I LY | M I A M I , F L WWW.MO NSE RRATEAPARTMENTS.COM


UNIT 1

2ND FLOOR

SQUARE FEET 685

1 2 T H AV E

1 B E D ROOM | 1 BATHROOM

LIV ING RO O M

B EDROOM

5TH STREET

DINING RO O M

KITCHEN

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 2

2ND FLOOR

SQUARE FEET 825

1 2 T H AV E

2 B E D R OOMS | 1 BATHROOM

B E D RO O M

B EDR OOM

5TH STREET

L IV ING RO O M D INING RO O M

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.

KITCHEN


UNIT 3

2ND FLOOR

SQUARE FEET 650

1 2 T H AV E

1 B E D ROOM | 1 BATHROOM

B EDRO O M

L IV ING RO O M

5TH STREET

D INING RO O M

KITCHEN

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 4

2ND FLOOR

SQUARE FEET 650 1 B E D ROOM | 1 BATHROOM

1 2 T H AV E

L IV ING RO O M

B E D ROOM

5TH STREET

DINING RO O M

KITCHEN

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 5

2ND FLOOR

SQUARE FEET 650

1 2 T H AV E

1 B E D ROOM | 1 BATHROOM

B EDRO O M L IV ING RO O M 5TH STREET

D INING RO O M

KITCHEN

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 6

2ND FLOOR

SQUARE FEET 850 2 B E D R OOMS | 1.5 BATHROOMS

1 2 T H AV E

KITCHEN

DINING RO O M

L IV ING RO O M

5TH STREET

B EDRO O M

B E D RO O M

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 7

2ND FLOOR

SQUARE FEET 940 2 B E D R OOMS | 2 BATHROOMS

1 2 T H AV E

KITCHEN

DINING RO O M

5TH STREET

B E D RO O M

LIV ING RO O M

B EDR OOM

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 1

3RD TO 6TH FLOOR

SQUARE FEET 685

1 2 T H AV E

1 B E D ROOM | 1 BATHROOM

L IV ING RO O M 5TH STREET

B E D R OOM

D INING RO O M

KITCHEN

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 2

3RD TO 6TH FLOOR

SQUARE FEET 825

1 2 T H AV E

2 B E D R OOMS | 1 BATHROOM

B E D RO O M B E D R OOM

5TH STREET

L IV ING RO O M

KITCHEN

DINING RO O M

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 6

3RD TO 6TH FLOOR

SQUARE FEET 850

1 2 T H AV E

2 B E D R OOMS | 1.5 BATHROOMS

KITCHEN

D INING RO O M L IV ING RO O M

5TH STREET

B E D RO O M

B E D RO O M

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


UNIT 7

3RD TO 6TH FLOOR

SQUARE FEET 940

1 2 T H AV E

2 B E D R OOMS | 2 BATHROOMS

KITCHEN

DINING RO O M

5TH STREET

B E D RO O M

L IV ING RO O M

B EDR OOM

Pricing and availability are subject to change. Rents shown are exclusive of specials, if any. Sq. Ft. listed is an approximate value for each apartment.


2ND FLOOR

03

04

05

1 2 T H AV E

02

01

07

5TH STREET

06


3RD TO 6TH FLOOR

03

04

05

1 2 T H AV E

02

01

07

5TH STREET

06


JOSEPH ZICHELLE

jzichelle@onesothebysrealty.com 310.623.7017 | 305.505.7995

10

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Sotheby’s International Realty Affiliates, LLC supports JOSEPH ZICHELLE the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not 1 0work . 6 2with 3 . 7them 0 1 7and | 3cooperate 0 5 . 5 0fully. 5.79 95 our intention to solicit the offerings of other real estate brokers. We are happy3to Information presented in this email is believe to be reliable, but is not guaranteed. J Z I C H E L L E@O N E S OT H E BY S R E A LT Y.CO M


Monserrate Apartments Package