| BRET-1 Security Token Offering |

3250 NE 1st Ave #516

Midtown Miami, Fl 33137

Midblock is a boutique building with only 10 stories and enjoyable amenities. Unit features spacious rooms, washer and dryer, light throughout the unit and is pet friendly. Short commute to Wynwood and famous Miami Design district. Walking distance to restaurants, bars, shops, and an amazing park. Midblock is 10 minutes away from Brickell, Downtown, Miami Beach & Miami International Airport.

Projected Dividend 5% Yearly

Projected Appreciation 10.32%

Total Yearly Return 15.32%

$100 minimum investment

$633,000 total investment

Details
Financial
Documents

Year Built | 2007

Type of Property | Residential condominium

Living Area (Square Meters) | 110.5

Address | 3250 NE 1st Ave Apt. 516, Miami, FL

Type of Rent | Short term rentals through Airbnb and comparable

Projected Occupancy | 70%

Gross Rent Year 1 $74,429
Gross Rent per Month $6,202
Monthly Costs -$3,347
Integrity Income Management Fee (20%) -$1,240
Property Taxes -$720
Insurance -$133
Utilities -$190
Home Owners Association -$980
Maintenance & Repairs -$83
Income Tax -$218
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Net Rent Year 1 $31,650
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Total Investment $633,000
Property's Net Value $600,000
Maintenance Reserve (1%) $6,000
Closing Costs (1.5%) $9,000
Acquisition Fee (3%) $18,000
Expected Yield 5.0%

About the property

Midtown is located in the heart of Miami with a population of 27,440 and is a mainly commercial, industrial and artistic area. The zone has great potential for growth and development with several projects in pre-construction that generate very interesting valuation projections for investors. The unit is in the only building in the area that allows short-term rentals meaning less choices for tourists. Apartment 516 has 2 bedrooms / 2 bathrooms and an exclusive large balcony, it is fully furnished and equipped which makes it more attractive for rentals.

Features | Air Conditioning | Barbeque | Gym | Parking | Refrigerator | Swimming Pool | TV Cable | Wifi

Location

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