presented by: maggie graham van buren apartments · 2020. 3. 9. · • screen enclosures includes...

Commercial Real Estate

Presented by:Maggie Graham

Van Buren Apartments

SECTION |

Table Of Contents

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 2

4SECTION 1: PROPERTY INFORMATIONExecutive Summary

Property Description

Property Details

Complete Highlights

Additional Photos

10SECTION 2: LOCATION INFORMATIONLocation Maps

Aerial Maps

13SECTION 3: FINANCIAL ANALYSISRent Roll

Unit Mix Summary

16SECTION 4: SALE COMPARABLESSale Comps Summary

18SECTION 5: DEMOGRAPHICSDemographics Map & Report

20SECTION 6: CUSTOM SECTIONCustom Page

Custom Page

Custom Page

Custom Page

25SECTION 7: ADVISOR BIOSAdvisor & Bio Contact 1

Keyes Commercial | 1520 E. Sunrise Blvd| Fort Lauderdale, FL 33304 | 954.564.4666 | www.keyescommercial.com

SEPT 2019

Thank you very much for giving me the opportunity to present the enclosed proposal to market your property. Iappreciate the time you spent with me reviewing the features of your property and outlining your financial goalsand time considerations.

This proposal includes a comprehensive market analysis that will assist us in determining the market value andpricing strategy for your property. I am confident that the information included and our aggressive marketing planwill confirm that I am best qualified to market your property.

When you select The Keyes Company by selecting me as your REALTOR®, you will receive unparalleled serviceand support. I look forward to working with you and exceeding your expectations.

Sincerely,

Maggie GrahamCommercial Sales Associate, Keyes Commercial

SECTION 1

PROPERTY INFORMATION

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 5

Sale Price: $3,300,000

Building Size: 32,400 SF

Number Of Units: 21

Price / SF: $101.85

Year Built: 1951

Zoning: FH-2

OFFERING SUMMARY PROPERTY OVERVIEW

Seller financing available. Excellent improvement or redevelopment opportunity!32,400 sf of Hollywood CRA available currently 21 units of cash flow multi-familyon a lot primed for redevelopment. FH-2 zoning allows for 10 story rebuild (not toexceed 140'). Upside lays in either redevelopment of the land, improvement of theunits, or a bit of both. Renovations: Screens on 1736 Van Buren were done around2004. Renovations are ongoing as needed. Income and expenses available uponrequest.

PROPERTY HIGHLIGHTS

• 4 Buliding Income Producing Property/Seller Financing Available

• Multifamily Apartments

• Redevelopment district

• Garden Style

• Patios, Floors - Pavers

• Screen Enclosures includes sides and ceiling - Aluminum roofing includessc.floor

• Patios, Floors - Concrete / troweld or keystone finish

SECTION 1 | PROPERTY INFORMATION

Executive Summary


PROPERTY DESCRIPTION

Seller financing available. Excellent improvement or redevelopmentopportunity!32,400 sf of Hollywood CRA available currently 21 units of cashflow multi-family on a lot primed for redevelopment. FH-2 zoningallows for 10 story rebuild (not to exceed 140'). Upside lays ineither redevelopment of the land, improvement of the units, or a bitof both. Renovations: Screens on 1736 Van Buren were donearound 2004. Renovations are ongoing as needed. Income andexpenses available upon request.

LOCATION DESCRIPTION

Block is located within walking distance of Hollywood's YoungCircle, shops, restaurants, parks and the beach.

EXTERIOR DESCRIPTION

C.B. Stucco

INTERIOR DESCRIPTION

Drywall/Plaster

PARKING DESCRIPTION

27 parking spaces/ asphalt

CONSTRUCTION DESCRIPTION

Roof Type: Hip or GableRoof Material: Shingles


Property Description


SALE PRICE $3,300,000

LOCATION INFORMATION

Street Address 1722 - 1736 Van Buren Street

City, State, Zip Hollywood, FL 33020

County Broward

Cross-Streets Van Buren, S. FederalHighway, S. 17th Ave

Road Type Paved

Market Type Medium

Nearest Highway S. Federal Highway

Nearest AirportFort Lauderdale–Hollywood

International Airport & MiamiInternational Airport

BUILDING INFORMATION

Building Class C

Tenancy Multiple

Minimum Ceiling Height 8 ft

Number Of Floors 1

Year Built 1951

Gross Leasable Area 32,400 SF

Construction Status Existing

Condition Average

Roof Hip or gable

Free Standing Yes

Number Of Buildings 4

Floor Coverings Wood, Pine

Foundation Stem Wall

Exterior Walls C.B. Stucco

PROPERTY INFORMATION

PropertyType

Multifamily

PropertySubtype

Low-Rise/Garden

APN # 51-42-15-02-1350, 51-42-15-02-1360,51-42-15-02-1370

Power Yes

PARKING & TRANSPORTATION

Parking Price Per Month $0.00 /month

Parking Type Surface

Number Of Parking Spaces 32

UTILITIES & AMENITIES

Handicap Access Yes

Elevators 0

Number Of Elevators 0

Number Of Escalators 0

Central HVAC Yes


Property Details


Street Address 1722 - 1736 Van Buren Street

City, State, Zip Hollywood, FL 33020

County Broward

Cross-Streets Van Buren, S. Federal Highway,S. 17th Ave

Signal Intersection No

Road Type Paved

Market Type Medium

Nearest Highway S. Federal Highway

Nearest AirportFort Lauderdale–HollywoodInternational Airport & MiamiInternational Airport

BUILDING INFORMATION

Building Class C

Tenancy Multiple

Minimum Ceiling Height 8 ft

Number Of Floors 1

Year Built 1951

Gross Leasable Area 32,400 SF

Construction Status Existing

Condition Average

Roof Hip or gable

Free Standing Yes

Number Of Buildings 4

Floor Coverings Wood, Pine

Foundation Stem Wall

Exterior Walls C.B. Stucco

PROPERTY HIGHLIGHTS

• 4 Buliding Income Producing Property/Seller FinancingAvailable

• Multifamily Apartments

• Redevelopment district

• Garden Style

• Patios, Floors - Pavers

• Screen Enclosures includes sides and ceiling - Aluminumroofing includes sc.floor

• Patios, Floors - Concrete / troweld or keystone finishThis information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 8


Complete Highlights



Additional Photos

SECTION 2



SECTION 2 | LOCATION INFORMATION

Location Maps


SECTION 2 | LOCATION INFORMATION

Aerial Maps

SECTION 3

FINANCIAL ANALYSIS


UNITNUMBER

UNITBED

UNITBATH

UNITSIZE (SF)

LEASESTART

LEASEEND

CURRENTRENT

CURRENTRENT (PER SF)

SECURITYDEPOSIT

1 1 372 03/31/20 $835 $2.24

2 1 372 03/31/20 $835 $2.24

3 1 372 04/30/19 $900 $2.42

4 1 372 03/31/20 $900 $2.42

5 1 1 488 03/31/20 $900 $1.84

6 1 1 400 03/31/20 $850 $2.13

7 1 1 400 03/31/20 $850 $2.13

8 1 1 488 03/31/20 $910 $1.86

9 1 372 08/30/19 $900 $2.42

10 1 372 03/31/20 $835 $2.24

11 1 372 03/31/20 $900 $2.42

12 1 372 03/31/20 $840 $2.26

14 1 324 08/31/19 $850 $2.62

15 1 210 $810 $3.86

16 1 210 03/31/20 $810 $3.86

17 1 210 03/31/20 $730 $3.48

18 1 210 03/31/20 $800 $3.81

19 1 324 03/31/20 $840 $2.59

20 1 1 435 03/31/20 $900 $2.07

21 1 286 03/31/20 $735 $2.57

House 3 1 969 02/29/20 $1,700 $1.75

Totals/Averages 7,930 $18,630 $2.35 $0

SECTION 3 | FINANCIAL ANALYSIS

Rent Roll


UNIT TYPE COUNT % TOTAL RENT RENT/SF MIN RENT MAX RENT MARKET RENT MARKET RENT/SF DEPOSIT

Studio 15 71.4 $730.00 $940.00

1 Bedroom 5 23.8 $850.00 $900.00

House 1 4.8 $1,700.00 $1,700.00

Totals / Averages 21 100% $0 $16,900.00 $20,300.00 $0 $0

SECTION 3 | FINANCIAL ANALYSIS

Unit Mix Summary

SECTION 4

SALE COMPARABLES


SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

1722 - 1736 Van Buren StreetHollywood, FL 33020

$3,300,000 32,400 SF $101.85 $157,143 - - 21

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

1 310 S 17th AveHollywood, FL 33020

$1,394,728 4,396 SF $317.27 - - - - 05/01/2018

2 814 S Dixie HwyHollywood, FL 33020

$1,230,397 25,700 SF $47.88 - - - - 01/09/2018

3 901 S Federal HwyHollywood, FL 33020

$1,822,647 17,424 SF $104.61 - - - - 11/26/2018

4 1847 Jackson StHollywood, FL 33020

$2,998,549 5,227 SF $573.67 - - - - 09/25/2018

5 1656 Polk StHollywood, FL 33020

$1,875,000 10,575 SF $177.30 - - - - 08/27/2018

6 310 S 17th AveHollywood, FL 33020

$1,394,724 4,396 SF $317.27 - - - - 05/16/2018

TOTALS/AVERAGES PRICE PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

$1,786,008 $158.25 - - - -

SECTION 4 | SALE COMPARABLES

Sale Comps Summary

SECTION 5

DEMOGRAPHICS


POPULATION 1 MILE 2 MILES 3 MILES

Total population 23,540 78,854 135,496

Median age 41.0 42.3 42.6

Median age (Male) 41.8 42.2 41.9

Median age (Female) 40.2 42.4 43.2

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 10,435 35,938 61,156

# of persons per HH 2.3 2.2 2.2

Average HH income $54,856 $55,829 $60,093

Average house value $365,343 $314,592 $322,049

* Demographic data derived from 2010 US Census

SECTION 5 | DEMOGRAPHICS

Demographics Map & Report

SECTION 6

Hollywood Redevelopment


SECTION 6 | CUSTOM SECTION

SECTION 7

ADVISOR BIOS

T 954.952.5640C [email protected]

1520 E. Sunrise Blvd

Fort Lauderdale, FL 33304

SECTION 7 | ADVISOR BIOS

Advisor & Bio Contact 1Commercial Sales Associate

MAGGIE GRAHAM Professional BackgroundMaggie has worked in several capacities in real estate around the world. Hercareer began when she left her teaching career to sell at an international firm inDubai, UAE. After moving back to the US, she continued with Cushman andWakefield, one of the world's largest commercial brokerages, where shespecialized in Class A office space, Medical Office Leasing, and Capital Markets.Since then, Maggie has sold Real Estate in New York, New Jersey,Pennsylvania, Dubai and Florida. Her interest in the diversity of Real Estatebrought her to The Coloney Group. Her understanding of varying markets andmulti-cultural backgrounds gives Maggie a competitive edge when relating toclients and negotiating on their behalf. She has a variety of experience incommercial, luxury, and residential real estate. Maggie is passionate aboutunderstanding the needs of her clients, finding the perfect home, and creatinglong-lasting relationships. She holds communication and integrity at a highregard. Her all-encompassing experience makes her the ideal agent for anyclients' needs. In her spare time, Maggie can be found on the golf course, at thebeach, or traveling.

Education


presented by: maggie graham van buren apartments · 2020. 3. 9. · • screen enclosures includes...

Documents