edgewater€¦ · edgewater is primarily a residential neighborhood, with many historic early 20th...
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URBAN CORE T6-36 ZONIFICATION
EDGEWATER DEVELOPMENT PROJECT
2014 Total Population 29,719 234,588 499,910
2019 Population Estimate 33,549 255,574 534,353
Average Age 34.30 36.30 38.40
Total Businesses 4,592 35,236 74,954
Number of Employees 16,931 174,665 320,754
Edgewater is primarily a residential neighborhood, with many historic early 20th century homes. The neighborhood has many high-rise residential towers to the east along Biscayne Bay, and historic homes elsewhere in the neighborhood. Since 2000, the area has grown in popularity, due to its proximity to Downtown and neighborhoods such as the Design District. Recent developments in the neighbor-hood, have brought rapid urbanization to the area, with the construction of high-rise and mid-rise residential buildings, and more retail.
- Available inmediatly.- Existing improvements: in-place cash flow from current use residential - up and coming area: 10 luxurious high-rise buildings to complete before 2017.- T6-36 / Urban Core zoning district: allows to develop a 36-story mix-use tower.
multi-family.
229-237 NE 24th St.B
ISC
AY
NE B
LVD
.
NE
2nd A
VE
NE 25th ST.
NE 26th ST.
NE 24th ST.
NE 24th ST.
NE 23th ST.
The parcel is strategically located just west of Biscayne Blvd within close proximity to Design District, Wynwood and Midtown. Comprised by two 5,500 SqFt lots, for a total of 11,000 SqFt.
Because of its zoning, the urban core site will be able to a multitude of mix uses.
This Edgewater Urban Core Parcel is brought to you by Invisti, a name trust-ed and chosen by industry leaders.
+1 (305) . 824 . 7261
Amilcar M. Fuentes
Lic. Commercial Real Estate Assoc.
Amilcar@invisti.com
CONTACT
Investment Sales
www.invisti.com
THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, INVISTI MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR
ACCURACY THEREOF. THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE.
229-237 NE 24TH ST, MIAMI, FL
Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 TOTAL
Ordinary Income/ExpenseIncome
Security Deposit- Forfeit 0.00 0.00 0.00 0.00 750.00 0.00 0.00 0.00 1,425.00 0.00 0.00 0.00 2,175.00
Rental Income 9,025.00 9,049.00 9,075.00 9,097.00 8,300.00 8,209.00 7,646.00 7,284.00 7,455.51 8,815.00 9,438.00 9,595.00 102,988.51
Total Income 9,025.00 9,049.00 9,075.00 9,097.00 9,050.00 8,209.00 7,646.00 7,284.00 8,880.51 8,815.00 9,438.00 9,595.00 105,163.51
ExpenseBank Charges 0.00 0.00 12.50 0.00 0.00 0.00 0.00 114.00 12.50 0.00 38.00 0.00 177.00Exterminator 56.44 56.00 56.00 56.00 56.00 56.00 56.00 56.00 0.00 0.00 56.00 168.00 672.44
Office Supplies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.54 0.00 0.00 0.00 0.00 24.54
Lawn Maintenance 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 80.00 520.00Re-Leasing Fee 0.00 0.00 0.00 170.00 408.00 0.00 0.00 0.00 630.00 0.00 145.00 0.00 1,353.00
Bank Service Charge 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50
Management Fees (Management Fees) 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 16,800.00Insurance (Insurance) 238.70 0.00 0.00 1,011.00 0.00 771.51 358.07 358.07 358.07 358.07 358.07 358.07 4,169.63
Licenses and Permits (Licenses) 0.00 0.00 125.00 0.00 0.00 276.32 0.00 0.00 277.50 0.00 75.00 240.95 994.77
Repairs and Maintenance 249.99 552.39 600.00 348.33 2,178.78 599.99 1,513.93 744.60 674.99 927.75 650.00 1,316.49 10,357.24
Taxes (Taxes) 0.00 72.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72.00
Utilities (Utilities) 977.47 1,127.40 1,099.36 1,723.71 673.69 1,098.64 740.70 665.85 214.30 973.83 694.14 1,019.53 11,008.62
Waste Service 276.57 276.57 553.14 276.57 276.57 276.57 276.57 276.57 276.57 276.57 276.57 276.57 3,595.41
Total Expense 3,239.17 3,524.36 3,886.00 5,025.61 5,033.04 4,519.03 4,385.27 3,679.63 3,883.93 3,976.22 3,732.78 4,860.11 49,745.15
Net Ordinary Income 5,785.83 5,524.64 5,189.00 4,071.39 4,016.96 3,689.97 3,260.73 3,604.37 4,996.58 4,838.78 5,705.22 4,734.89 55,418.36
Net Income 5,785.83 5,524.64 5,189.00 4,071.39 4,016.96 3,689.97 3,260.73 3,604.37 4,996.58 4,838.78 5,705.22 4,734.89 55,418.36
3:13 PM 6981 Indian Creek
06/19/17 Profit & LossCash Basis June 2016 through May 2017
Page 1
Updated 05/31/17
UNIT # NAMELEASE
BEGINS LEASE EXPIRES SQFTRENTAL VALUE DEPOSIT
FRONT 237 NE 24 ST FRONT UNIT 2/1/17 Month to Month 1,050.00$ 1,050.00$ 239 239 NE 24 ST 6/2/14 Month to Month 575.00$ 525.00$
REAR 237 NE 24 ST REAR UNIT 10/24/16 Month to Month 850.00$ 1,700.00$ APT A 241 NE 24 ST APT A 6/2/14 Month to Month 700.00$ 600.00$ APT B 241 NE 24 ST APT B 6/15/16 Month to Month 800.00$ 1,600.00$
Monthly AnnualIncome 3,975.00$ 47,700.00$
ExpensesTaxes 16,284.11$ Insurance 525.00$ 91.245Repairs/Maintenance 3,250.00$ Utilities/Waste 6,300.00$ Total Expenses 26,359.11$
Net Income 21,340.89$
RENT ROLL
10/11/2017 Property Search Application - Miami-Dade County
Property Information
Folio: 01-3230-026-0930
Property Address: 229 NE 24 ST Miami, FL 33137-4507
Owner GLOBAL DC EXPORT LLC
Mailing Address 2050 CORAL WAY STE 205 MIAMI, FL 33145 USA
PA Primary Zone 6405 CEN HIGH DNSTY BORDERSCB
Primary Land Use 0081 VACANT RESIDENTIAL :VACANT LAND
Beds / Baths / Half 0 / 0 / 0
Floors 0
Living Units 0
Actual Area 0 Sq.Ft
Living Area 0 Sq.Ft
Adjusted Area 0 Sq.Ft
Lot Size 5,500 Sq.Ft
Year Built 0
Assessment Information
Year 2017 2016 2015
Land Value $990,000 $962,500 $742,500
Building Value $0 $0 $0
XF Value $0 $0 $0
Market Value $990,000 $962,500 $742,500
Assessed Value $898,425 $816,750 $742,500
Benefits Information
Benefit Type 2017 2016 2015
NonHomestead Cap Assessment Reduction $91,575 $145,750
Note: Not all benefits are applicable to all Taxable Values (i.e. County, SchoolBoard, City, Regional).
Short Legal Description
30 53 42
EDGEWATER PB 231
LOT 8 BLK 12
LOT SIZE 50.000 X 110
OR 20444482 0502 3
Taxable Value Information
2017 2016 2015
County
Exemption Value $0 $0 $0
Taxable Value $898,425 $816,750 $742,500
School Board
Exemption Value $0 $0 $0
Taxable Value $990,000 $962,500 $742,500
City
Exemption Value $0 $0 $0
Taxable Value $898,425 $816,750 $742,500
Regional
Exemption Value $0 $0 $0
Taxable Value $898,425 $816,750 $742,500
Sales Information
PreviousSale
Price OR BookPage
Qualification Description
04/29/2014 $400,777 29130-4379 Federal, state or local governmentagency
06/01/1986 $355,000 12908-0349 Sales which are qualified
11/01/1982 $335,000 11605-0394 Sales which are qualified
04/01/1978 $161,250 09998-1056 Sales which are qualified
Summary ReportGenerated On : 10/11/2017
The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiserand MiamiDade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp
Version:
2016 Aerial Photography 200ft
10/11/2017 Property Search Application - Miami-Dade County
Property Information
Folio: 01-3230-026-0920
Property Address: 237 NE 24 ST Miami, FL 33137-4507
Owner FAA HOLDINGS LLC
Mailing Address 2050 CORAL WAY STE 205 MIAMI, FL 33145 USA
PA Primary Zone 6405 CEN HIGH DNSTY BORDERSCB
Primary Land Use 0803 MULTIFAMILY 29 UNITS :MULTIFAMILY 3 OR MORE UNITS
Beds / Baths / Half 8 / 5 / 1
Floors 2
Living Units 5
Actual Area Sq.Ft
Living Area Sq.Ft
Adjusted Area 3,582 Sq.Ft
Lot Size 5,500 Sq.Ft
Year Built 1925
Assessment Information
Year 2017 2016 2015
Land Value $990,000 $962,500 $577,500
Building Value $1,000 $1,000 $1,000
XF Value $0 $0 $0
Market Value $991,000 $963,500 $578,500
Assessed Value $699,985 $636,350 $578,500
Benefits Information
Benefit Type 2017 2016 2015
NonHomestead Cap Assessment Reduction $291,015 $327,150
Note: Not all benefits are applicable to all Taxable Values (i.e. County, SchoolBoard, City, Regional).
Short Legal Description
30 53 42
EDGEWATER PB 231
LOT 7 BLK 12
LOT SIZE 50.000 X 110
OR 15291782 1191 1
Taxable Value Information
2017 2016 2015
County
Exemption Value $0 $0 $0
Taxable Value $699,985 $636,350 $578,500
School Board
Exemption Value $0 $0 $0
Taxable Value $991,000 $963,500 $578,500
City
Exemption Value $0 $0 $0
Taxable Value $699,985 $636,350 $578,500
Regional
Exemption Value $0 $0 $0
Taxable Value $699,985 $636,350 $578,500
Sales Information
PreviousSale Price
ORBook-Page
Qualification Description
06/02/2014 $500,000 29184-3982
Not exposed to openmarket; atypicalmotivation
10/01/2004 $350,000 22754-2395
Sales which are qualified
11/01/1991 $47,500 15291-782
Sales which are qualified
08/01/1988 $0 00000-00000
Sales which are disqualified as a result ofexamination of the deed
Summary ReportGenerated On : 10/11/2017
The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiserand MiamiDade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp
Version:
2016 Aerial Photography 200ft
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