VALUE-ADD OPPORTUNITY
42 UNITS INVESTMENT
OPPORTUNITY IN
MIAMI´S WYNWOOD SUBMARKET
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Great property
Perfect market conditions
Miami’s multifamily market is booming. The warm climate, favorable regulations, and low cost of living are attracting large businesses, employees, and local capital investment. In 2022 alone, Miami experienced the 2nd highest inbound moving rate across all major U.S. metros.
$7.15M
Purchase Price,
$10M ARV, 7.7%
Pro Forma Cap Rate
12mo Renovation
Timeline,
5 Year Investment
Horizon
17.6%
Targeted Investor
Rate of Return
2.07x
Targeted Multiple
On Invested Capital
42 Units
This property features
(12) Studio Units,
(12) 1br / 1ba Units,
(18) 2br / 1ba Units.
High Demand
High demand and low inventory are expected to secure above-market rents.
The Best Location In Town
Miami’s Wynwood submarket is a focal point of growth in Miami. The area is poised for unprecedented rent appreciation fueled by institutional capital deployment through projects such as the adjacent Magic City Innovation District, Miami Worldcenter, and Underdeck Miami developments.
5-Year Anticipated
INVESTMENT HORIZON
After Limited Partners
Are Paid In Full
Surrounded by lively centers of culture, industry, and wellness, the Innovation District is quickly becoming an attractive location for the creative class and urban enthusiasts.
Brickell
I-95
South Beach
Little River
Historic Buena Vista
Midtown
Wynwood
Edgewater
Overtown
Downtown
Design District
Arts & Entertainment District
Central Business District
Mimo District
Upper East Side
5-Year Anticipated
INVESTMENT HORIZON
After Limited Partners
Are Paid In Full
Urban Growth Properties
Urban Growth Properties is a vertically integrated real estate investment manager. Our experienced teams identify high-potential multi-family developments in LA and Miami and adhere to a proven process to maximize short and long-term returns. We pride ourselves in our strict investment standards. From initial opportunity analysis to construction and management, quality work is our top priority.
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