unique OFF MARKET portfolio Miami beach

Confidential off-market opportunity to acquire 11 Miami Beach condominium residences across nine South Beach street addresses: 1450 Meridian Ave; 1560 Meridian Ave; 1601 Meridian Ave; 1568 Pennsylvania Ave; 1600 Euclid Ave; 1550 Pennsylvania Ave; 1560 Pennsylvania Ave; 1525 Pennsylvania Ave; and 1219 Meridian Ave. The portfolio includes seven one-bedroom and four two-bedroom residences. Apartment numbers and condominium names are omitted. Target portfolio sale price: $3,300,000. Owner-reported annual gross rent is $292,800, with stated NOI of $165,634 after homeowners association charges and property taxes. At the target sale price, this equals a 5.02% weighted in-place cap rate. The confidential schedule shows address-level target sale allocations totaling exactly $3,300,000. An illustrative scenario assumes scheduled gross rent increases by 6% and reported HOA and property-tax expenses increase by 2%. Under those assumptions, estimated NOI is approximately $180,659, or a 5.47% cap rate on the target price. This preliminary scenario is not verified in-place performance or a guaranteed yield. The supplied expense information includes HOA charges and property taxes only. Insurance, maintenance, vacancy, management, utilities, transaction costs, financing and income taxes were not provided and are excluded. Buyers should independently verify leases, current collections, rent restrictions, association budgets and assessments, insurance, property condition, title, taxes, expenses, permitted use and transfer requirements. Contact Life Changing Homes for the rent roll, association information, expense support, showing instructions and due diligence materials. All figures and transfer terms are subject to buyer verification. Hero artwork is an illustrative pastel rendering, not a photograph of a specific residence.