celti i & celta ii presented by - usa lending and...

CELTI I & CELTA II Presented by

USA Lending & Realty

1871 West 62nd Street, Hialeah, FL 33012

http://www.crelisting.net/FzB4R1B7Q/?StepID=107

mailto:[email protected]





















Property Details

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View the full listing here: http://www.crelisting.net/FzB4R1B7Q/?StepID=107

102 Unit apartment building in the heart of Hialeah. Great unit mix - building always 100% occupied. Includes 160 parking spaces and fenced in pool. Plenty of room for added value.

$10,000,000

Great Unit Mix

ALWAYS - 100% occupied

Added value - rents can be increased with leases

Great location for rental income

160 parking spaces

Laundry Income

:Price $10,000,000

:No. Units 102

:Building Size 110,384 SF

:Price/Unit $98,039.22

:Property Type Multifamily

:Property Sub-type Garden/Low-Rise

:Property Use Type Investment

:Commission Split 4%

:Cap Rate 7.70%

:Occupancy 100%

CELTI I & CELTA II 1871 West 62nd Street, Hialeah, FL 33012


Financials, Debt and Unit Mix

Financial Summary

Unit/Room Mix Information

Debt & Equity Information

AnalysisType Actual

Year 2011

Scheduled Gross Income $1,089,060

Effective Gross Income $1,141,060

Operating Expenses $371,886

Net Operating Income $769,174

Pre-Tax Cash Flow $769,174

Description No. Units Avg. Mo. RentSTUDIOS 1 $650

1 BEDROOM 1 BATH 38 $850



3 BEDROOM 2 BATH 1 $1,300

Debt Type Existing

Loan Amount $5,500,000

Interest Rate 5.75%

Amortized Over 30

Due In 3

Annual Debt Service $384,000

Down Payment $4,500,000

Loan Description Purchase Money


Location

Location Description

Central city location close to schools, airport, highways, industry, malls, etc.


Property Photos

Front Back


Property Photos

Front Balconies


Property Photos

Bedroom Parking


Property Photos

Front 3 Coridoor


Property Photos

Laundry Kitchen


Property Photos

Pool Front


Market Trends

Jul 12 vs. 3 mo. prior

Y-O-Y

— State $61,805 +1.1% +2.2%

— Metro $87,338 +1.2% +3.6%

— County $93,765 +1.0% +3.3%


Demographics

Population 1-mi. 3-mi. 5-mi.

2011 Male Population 21,999 99,856 201,330

2011 Female Population 24,684 108,115 212,886

% 2011 Male Population 47.12% 48.01% 48.61%

% 2011 Female Population 52.88% 51.99% 51.39%

2011 Total Adult Population 35,587 161,062 319,343

2011 Total Daytime Population 34,332 209,159 430,474

2011 Total Daytime Work Population 12,676 103,897 220,845

2011 Median Age Total Population 38 39 37

2011 Median Age Adult Population 47 48 46

2011 Age 0-5 3,643 15,067 32,935

2011 Age 6-13 4,935 20,949 40,893

2011 Age 14-17 2,519 10,893 21,045

2011 Age 18-20 1,621 7,124 15,050

2011 Age 21-24 2,298 9,680 21,519

2011 Age 25-29 2,809 12,817 28,327

2011 Age 30-34 2,781 12,448 26,965

2011 Age 35-39 3,139 14,221 29,174

2011 Age 40-44 3,027 13,697 27,570

2011 Age 45-49 3,110 14,426 28,648

2011 Age 50-54 3,012 13,943 26,676

2011 Age 55-59 2,744 13,252 25,213


Demographics

Population (Cont.) 1-mi. 3-mi. 5-mi.

2011 Age 60-64 2,870 13,350 24,729

2011 Age 65-69 2,384 11,121 20,349

2011 Age 70-74 1,786 8,405 15,304

2011 Age 75-79 1,398 6,461 11,875

2011 Age 80-84 1,273 5,247 9,375

2011 Age 85+ 1,334 4,869 8,568

% 2011 Age 0-5 7.80% 7.24% 7.95%

% 2011 Age 6-13 10.57% 10.07% 9.87%

% 2011 Age 14-17 5.40% 5.24% 5.08%

% 2011 Age 18-20 3.47% 3.43% 3.63%

% 2011 Age 21-24 4.92% 4.65% 5.20%

% 2011 Age 25-29 6.02% 6.16% 6.84%

% 2011 Age 30-34 5.96% 5.99% 6.51%

% 2011 Age 35-39 6.72% 6.84% 7.04%

% 2011 Age 40-44 6.48% 6.59% 6.66%

% 2011 Age 45-49 6.66% 6.94% 6.92%

% 2011 Age 50-54 6.45% 6.70% 6.44%

% 2011 Age 55-59 5.88% 6.37% 6.09%

% 2011 Age 60-64 6.15% 6.42% 5.97%

% 2011 Age 65-69 5.11% 5.35% 4.91%

% 2011 Age 70-74 3.83% 4.04% 3.69%


Demographics


% 2011 Age 75-79 2.99% 3.11% 2.87%

% 2011 Age 80-84 2.73% 2.52% 2.26%

% 2011 Age 85+ 2.86% 2.34% 2.07%

2011 White Population 42,796 191,954 357,145

2011 Black Population 1,241 5,769 32,608

2011 Asian/Hawaiian/Pacific Islander 324 1,251 3,857

2011 American Indian/Alaska Native 72 224 515

2011 Other Population (Incl 2+ Races) 2,251 8,773 20,091

2011 Hispanic Population 43,954 192,291 355,865

2011 Non-Hispanic Population 2,729 15,680 58,350

% 2011 White Population 91.67% 92.30% 86.22%

% 2011 Black Population 2.66% 2.77% 7.87%

% 2011 Asian/Hawaiian/Pacific Islander 0.69% 0.60% 0.93%

% 2011 American Indian/Alaska Native 0.15% 0.11% 0.12%

% 2011 Other Population (Incl 2+ Races) 4.82% 4.22% 4.85%

% 2011 Hispanic Population 94.15% 92.46% 85.91%

% 2011 Non-Hispanic Population 5.85% 7.54% 14.09%

2000 Non-Hispanic White 4,094 21,428 44,342

2000 Non-Hispanic Black 292 1,967 27,146

2000 Non-Hispanic Amer Indian/Alaska Native 13 35 170

2000 Non-Hispanic Asian 178 823 2,811


Demographics


2000 Non-Hispanic Hawaiian/Pacific Islander 28 28 58

2000 Non-Hispanic Some Other Race 9 55 156

2000 Non-Hispanic Two or More Races 339 1,128 2,590

% 2000 Non-Hispanic White 82.66% 84.15% 57.38%

% 2000 Non-Hispanic Black 5.90% 7.72% 35.13%

% 2000 Non-Hispanic Amer Indian/Alaska Native 0.26% 0.14% 0.22%

% 2000 Non-Hispanic Asian 3.59% 3.23% 3.64%

% 2000 Non-Hispanic Hawaiian/Pacific Islander 0.57% 0.11% 0.08%

% 2000 Non-Hispanic Some Other Race 0.18% 0.22% 0.20%

% 2000 Non-Hispanic Two or More Races 6.84% 4.43% 3.35%

Population Change 1-mi. 3-mi. 5-mi.

Total Employees n/a n/a n/a

Total Establishemnts n/a n/a n/a

2011 Total Population 46,683 207,971 414,215

2011 Total Households 15,331 65,965 130,698

Population Change 1990-2011 8,259 56,489 124,677

Household Change 1990-2011 2,724 16,635 36,657


Demographics

Population Change (Cont.) 1-mi. 3-mi. 5-mi.

% Population Change 1990-2011 21.49% 37.29% 43.06%

% Household Change 1990-2011 21.61% 33.72% 38.98%

Population Change 2000-2011 -2,453 6,053 40,149

Household Change 2000-2011 -231 2,174 11,696

% Population Change 2000-2011 -4.99% 3.00% 10.73%

% Households Change 2000-2011 -1.48% 3.41% 9.83%

Housing 1-mi. 3-mi. 5-mi.

2000 Total Housing Units 15,887 65,648 124,203

2000 Occupied Housing Units 15,512 63,720 119,040

2000 Owner Occupied Housing Units 7,332 37,155 66,528

2000 Renter Occupied Housing Units 8,180 26,565 52,512

2000 Vacant Housing Units 374 1,928 5,163

% 2000 Occupied Housing Units 97.64% 97.06% 95.84%

% 2000 Owner Occupied Housing Units 46.15% 56.60% 53.56%

% 2000 Renter Occupied Housing Units 51.49% 40.47% 42.28%

% 2000 Vacant Housing Units 2.35% 2.94% 4.16%

Income 1-mi. 3-mi. 5-mi.

2011 Median Household Income $31,847 $39,553 $40,743


Demographics

Income (Cont.) 1-mi. 3-mi. 5-mi.

2011 Per Capita Income $12,959 $15,884 $16,659

2011 Average Household Income $39,461 $50,079 $52,796

2011 Household Income < $10,000 1,674 6,534 13,599

2011 Household Income $10,000-$14,999 1,550 5,755 10,054






2011 Household Income $40,000-$44,999 926 3,578 7,753








2011 Household Income $200,000-$249,999 6 340 927

2011 Household Income $250,000-$499,999 99 555 1,225

2011 Household Income $500,000+ n/a 17 139

2011 Household Income $200,000+ 105 912 2,291


Demographics

Income (Cont.) 1-mi. 3-mi. 5-mi.

% 2011 Household Income < $10,000 10.92% 9.90% 10.40%

% 2011 Household Income $10,000-$14,999 10.11% 8.72% 7.69%
















% 2011 Household Income $500,000+ 0.00% 0.03% 0.11%

% 2011 Household Income $200,000+ 0.68% 1.38% 1.75%

Retail Sales Volume 1-mi. 3-mi. 5-mi.

2011 Children/Infants Clothing Stores $3,528,640 $18,702,627 $39,121,555

2011 Jewelry Stores $2,627,334 $14,018,398 $29,245,075


Demographics

Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi.

2011 Mens Clothing Stores $5,831,107 $29,519,894 $60,251,047

2011 Shoe Stores $5,321,659 $27,033,014 $55,543,535

2011 Womens Clothing Stores $11,216,155 $54,899,387 $110,068,110

2011 Automobile Dealers $65,849,694 $346,675,701 $725,257,993

2011 Automotive Parts/Acc/Repair Stores $8,350,977 $43,174,144 $89,262,325

2011 Other Motor Vehicle Dealers $2,587,898 $13,201,173 $27,160,610

2011 Tire Dealers $2,175,704 $11,442,221 $23,756,362

2011 Hardware Stores $815,246 $4,801,109 $11,410,489

2011 Home Centers $7,674,848 $37,900,508 $78,166,593

2011 Nursery/Garden Centers $2,177,743 $11,725,215 $24,636,307

2011 Outdoor Power Equipment Stores $792,869 $4,262,186 $9,095,400

2011 Paint/Wallpaper Stores $295,149 $1,467,084 $3,013,581

2011 Appliance/TV/Other Electronics Stores $6,446,494 $33,122,575 $67,970,948

2011 Camera/Photographic Supplies Stores $1,079,673 $5,522,745 $11,404,811

2011 Computer/Software Stores $3,479,966 $17,371,970 $35,375,388

2011 Beer/Wine/Liquor Stores $3,902,553 $20,447,790 $42,608,482

2011 Convenience/Specialty Food Stores $10,616,260 $51,843,623 $104,791,155

2011 Restaurant Expenditures $33,869,245 $182,239,737 $382,927,015

2011 Supermarkets/Other Grocery excl Conv $47,293,889 $241,387,615 $498,098,348

2011 Furniture Stores $6,649,897 $34,233,515 $70,633,084

2011 Home Furnishings Stores $4,104,808 $21,318,842 $44,233,785


Demographics

Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi.

2011 Gen Merch/Appliance/Furniture Stores $60,220,354 $307,045,717 $630,801,150

2011 Gasoline Stations w/ Convenience Stores $43,484,248 $212,673,991 $428,181,043

2011 Other Gasoline Stations $32,867,989 $160,830,377 $323,389,897

2011 Department Stores excl Leased Depts $66,666,847 $340,168,295 $698,772,099

2011 General Merchandise Stores $53,570,458 $272,812,202 $560,168,058

2011 Other Health/Personal Care Stores $4,385,487 $22,699,471 $47,139,368

2011 Pharmacies/Drug Stores $22,889,279 $116,696,434 $240,494,779

2011 Pet/Pet Supplies Stores $3,496,953 $17,332,616 $35,265,997

2011 Book/Periodical/Music Stores $1,806,566 $7,617,155 $13,658,373

2011 Hobby/Toy/Game Stores $1,537,351 $7,541,995 $15,708,477

2011 Musical Instrument/Supplies Stores $592,555 $3,090,919 $6,421,860

2011 Sewing/Needlework/Piece Goods Stores $269,663 $1,225,584 $2,359,248

2011 Sporting Goods Stores $2,985,987 $16,328,166 $34,353,137

2011 Video Tape Stores - Retail $533,857 $2,753,012 $5,682,432


Broker Profile

[email protected]

,

(305) 754-1000

USA Lending & Realty

132 Southwest 9th StreetMiami FL 33130

Ur-Cousin Emile FarahUSA Lending and USA Lending & Realty, where for over 35 years-excellence, service, and trust has our motto. Our offices are located in the exclusive Mary Brickell village area at 132 Southwest 9Th Street. USA Lending & Realty is a Full-Service Real Estate company located in the heart of Miami, FL. We strive for excellence, and we are always dedicated to serving our clients. We will help you with the purchase of any commercial or residential Real Estate property, retail leasing, industrial properties, land, and business opportunities. The Farah Group Of Companies specialized in commercial Bank Owned Properties, REO’s, Short Sales, and Bank Notes. We have direct contact with bank asset manages throughout South Florida, facilitating all negotiations. This allows us access to all types of properties, including multifamily properties ranging from 1 unit to over 1,000 units, shopping centers, land, warehouses, and all other income producing properties. We have a multilingual staff available and ready to provide you with excellent services in English, Spanish, French, Arabic, Hebrew, Creole, Portuguese, and Turkish. USA Lending & Realty provides its clients with hard work and determination in providing successful closing on short sales, all type of residential housing, commercial properties, and businesses. If you would like to personally reach Mr. Farah on his cell, the number is: 305-754-1000, or if you would just like to be attended by our best Real Estate agents, the number is: 305-967-7200. Over 750,000 commercial properties For Sale and For Lease. Search Offices, Retail, Mobile Homes, Apartments, Hotels, Land for sale and other properties. Loopnet specializes in selling all type of commercial properties. We have been a part of loopnet for a couple of years, and we also provide a strong support for loopnet. List Your Property. Why buy from us.

Current Occupation: Principal

Work Experience: The Farah Group Of Companies specialized in commercial Bank Owned Properties, REO’s, Short Sales, and Bank Notes. We have direct contact with bank asset manages throughout South Florida, facilitating all negotiations. This allows us access to all types of properties, including multifamily properties ranging from 1 unit to over 1,000 units, shopping centers, land, warehouses, and all other income producing properties.

Organizations/Associations: National Association of REALTORS, LoopNet, Inc.

Website:


mailto:[email protected]

celti i & celta ii presented by - usa lending and...

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