5 Unit Multi-Family Property...Each office independently owned and operated 5 Unit Multi-Family Property 716 Southwest 16th Avenue | Fort Lauderdale, FL 33312 JOHN DEMARCO, ACP, CCIM

Each office independently owned and operated

5 Unit Multi-Family Property716 Southwest 16th Avenue | Fort Lauderdale, FL 33312

JOHN DEMARCO, ACP, [email protected]

Great 5 unit apartment building located in Fort Lauderdale ➢

8.68% pro-forma capitalization rate ➢

Property in overall very good condition➢

Priced well below market value at $119,800 per unit➢

Easy to manage and maintain➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS716 Southwest 16th Avenue | Fort Lauderdale, FL 33312

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date April 2019

PROPERTY

Property 5 Unit Multi-Family Property

Property Address 716 Southwest 16th AvenueFort Lauderdale, FL 33312

Year Built 1975

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type MultiFamily

Purchase Price $599,000

Units 5

Total Rentable Sq. Ft. 3,588

LOANS

Type Debt Term Amortization Rate Payment LO Costs

All Cash

INCOME & EXPENSES

Gross Operating Income $57,180

Monthly GOI $4,765

Total Annual Expenses ($18,062)

Monthly Expenses ($1,505)

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EXECUTIVE SUMMARY716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


Acquisition Costs

Purchase Price, Points and Closing Costs $599,000

Investment - Cash $0

Investment Information

Purchase Price $599,000

Price per Unit $119,800

Price per Sq. Ft. $166.95

Income per Unit $11,436

Expenses per Unit ($3,612)

Income, Expenses & Cash Flow

Gross Scheduled Income $57,180

Total Vacancy and Credits $0

Operating Expenses ($18,062)

Net Operating Income $39,118

Debt Service $0

Cash Flow Before Taxes $39,118

Financial Indicators

Debt Coverage Ratio N/A

Capitalization Rate 6.53%

Gross Rent Multiplier 10.48

Gross Income / Square Feet $15.94

Gross Expenses / Square Feet ($5.03)

Operating Expense Ratio 31.59%

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PROPERTY DESCRIPTION716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


5 Unit Multi-Family Apartment BuildingJohn DeMarco with RE/MAX 5 Star Realty is pleased to present the sale of 716 SW 16th Ave, Fort Lauderdale Florida33312. The subject property consists of 3, 2 bedroom 1 bathroom and 2, 1 bedroom 1 bathroom apartments. The totalbuilding size is 3,588 sf, well situated on a large 10,000 sf lot.

All apartments are leased and in overall very good condition. Property is located across the street from Stranahan HighSchool. This location is considered to be in an excellent residential leasing area. The average days to lease anapartment in this neighborhood is less than 7 days. Very desirable location only 3 miles away from Las Olas and 2miles away from Downtown Fort Lauderdale.

The apartments are leased between $925 - $975 per month, grossing $57,180 per year. After all expenses this propertyis netting $39,118 per year providing an investor with an 6.53% actual capitalization rate at full asking price. The currenttenants are under market value, a new owner can easily raise current rents to $1100 -$1,200 per month which wouldraise the gross income to $70,080 per year netting $52,018. This increase is consistent with market rents in the areaand will yield an investor an 8.68% capitalization rate on a pro-forma basis.

Property is priced to sell well below market value at only $119,800 per unit. See enclosed recent comparable salesaveraging $150,600 per unit and as high as $236,000 per unit.

Please remember to not disturb any of the existing tenants. All showings are by appointment only. Call for moreinformation.

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PROPERTY PHOTOS716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


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DETAILED GENERAL EXPENSES716 Southwest 16th Avenue | Fort Lauderdale, FL 33312

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Description Year 1 Year 2 Year 3 Year 4 Year 5

Total Expenses ($18,062) ($18,062) ($18,062) ($18,062) ($18,062)

Building Insurance ($2,499) ($2,499) ($2,499) ($2,499) ($2,499)

Liability Insurance ($1,224) ($1,224) ($1,224) ($1,224) ($1,224)

Maintenance ($1,500) ($1,500) ($1,500) ($1,500) ($1,500)

Landscaping ($480) ($480) ($480) ($480) ($480)

Taxes - Real Estate ($8,060) ($8,060) ($8,060) ($8,060) ($8,060)

Trash Removal ($999) ($999) ($999) ($999) ($999)

Utility - Water & Sewer ($3,300) ($3,300) ($3,300) ($3,300) ($3,300)

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UNIT MIX REPORT716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly

1 Residential 2/1 0 $950 $950 $1,200 $1,2001 Residential 1/1 0 $925 $925 $1,100 $1,1001 Residential 1/1 0 $925 $925 $1,100 $1,1001 Residential 2/1 0 $950 $950 $1,200 $1,2001 Residential 2/1 0 $975 $975 $1,200 $1,2005 0 $4,725 $5,800

UNIT MIX UNIT MIX SQUARE FEET

● Residential 2/1

● Residential 1/1

● Residential 1/1

● Residential 2/1

● Residential 2/1

● Residential 2/1

● Residential 1/1

● Residential 1/1

● Residential 2/1

● Residential 2/1

UNIT MIX INCOME UNIT MIX MARKET INCOME

● Residential 2/1

● Residential 1/1

● Residential 1/1

● Residential 2/1

● Residential 2/1

● Residential 2/1

● Residential 1/1

● Residential 1/1

● Residential 2/1

● Residential 2/1

P. 7

PRO FORMA SUMMARY716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


INCOME

Description Actual Per Unit Market Per Unit

Gross Potential Rent $56,700 $11,340 $69,600 $13,920

Less: Vacancy $0 $0 $0 $0

Misc. Income $480 $96 $480 $96

Effective Gross Income $57,180 $11,436 $70,080 $14,016

OPERATING EXPENSES

Description Actual Per Unit Market Per Unit

Building Insurance $2,499 $500 $2,499 $500

Liability Insurance $1,224 $245 $1,224 $245

Maintenance $1,500 $300 $1,500 $300

Landscaping $480 $96 $480 $96

Taxes - Real Estate $8,060 $1,612 $8,060 $1,612

Trash Removal $999 $200 $999 $200

Utility - Water & Sewer $3,300 $660 $3,300 $660

Total Expenses ($18,062) ($3,612) ($18,062) ($3,612)

NET OPERATING INCOME $39,118 $7,824 $52,018 $10,404

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PRO FORMA SUMMARY716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


UNIT MIX & ANNUAL SCHEDULED INCOME

Type Units Actual Total Market Total Residential 2/1 1 $11,400 $11,400 $14,400 $14,400Residential 1/1 1 $11,100 $11,100 $13,200 $13,200Residential 1/1 1 $11,100 $11,100 $13,200 $13,200Residential 2/1 1 $11,400 $11,400 $14,400 $14,400Residential 2/1 1 $11,700 $11,700 $14,400 $14,400TOTALS 5 $56,700 $69,600

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $56,700 $69,600Less: Vacancy $0 $0Misc. Income $480 $480Effective Gross Income $57,180 $70,080Less: Expenses ($18,062) ($18,062)Net Operating Income $39,118 $52,018

ANNUALIZED EXPENSES Description Actual Market

Building Insurance $2,499 $2,499Liability Insurance $1,224 $1,224Maintenance $1,500 $1,500Landscaping $480 $480Taxes - Real Estate $8,060 $8,060Trash Removal $999 $999Utility - Water & Sewer $3,300 $3,300Total Expenses $18,062 $18,062Expenses Per RSF $5.03 $5.03Expenses Per Unit $3,612 $3,612

INVESTMENT SUMMARY

Price: $599,000

Year Built: 1975

Units: 5

Price/Unit: $119,800

RSF: 3,588

Price/RSF: $166.95

Lot Size: 10,000 sf

Floors: 1

APN: 5042 09 03

Cap Rate: 6.53%

Market Cap Rate: 8.68%

GRM: 10.48

Market GRM: 8.55

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MAPS AND AERIALS716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


Areal

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MAPS AND AERIALS716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


Location

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COMPARABLE SALES716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


1 729-731 SW 4th Ct - Coontie Court Apartments: SOLDFort Lauderdale, FL 33312 Broward County

AWH&T Investment, LLCRecorded Buyer: Recorded Seller: 999 NE 23 Drive, LLC2858 N University DrCoral Springs, FL 33065

True Buyer: Assouline, LLC

PO Box 812410Boca Raton, FL 33481(800) 507-6073Maven Property Management LLCTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$232.85$1,100,000 - Confirmed06/08/2018 (148 days on mkt) Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GBA:

-5.02%

Parcel No:Financing:

50-42-10-28-0700-

Confirmed

Class C Multi-FamilyApartmentsBuilt 1964 Age: 544,724 SF

RML-25-

GRM/GIM: -

# of Units: 8Price/Unit: $137,500Price/SF:

4288559Comp ID:

2 916 SW 8th Ave SOLDFort Lauderdale, FL 33315 Broward County

Sanci LedwidgeRecorded Buyer: Recorded Seller: Smith James & Carol

Sale Date:


Price/SF:Sale Price:

$190.53$555,00006/12/2018 Bldg Type:

Year Built/Age:GBA:


50-42-15-19-0270-

Public Record

Class B Multi-FamilyApartments-2,913 SF

GRM/GIM: -

# of Units: 4Price/Unit: $138,750

Thomas B & Sanci LedwidgeRecorded Buyer: Recorded Seller: -1737 SE 13th StFort Lauderdale, FL 33316

Comp ID: 4344848

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/1/2019

Page 1P. 12



3 1709-1713 SW 11th St SOLDFort Lauderdale, FL 33312 Broward County

Angel N GomezRecorded Buyer: Recorded Seller: Salberg Charles A1713 SW 11th StFort Lauderdale, FL 33312

Sale Date:


PrFrma Cap Rate:

Sale Price:$53.60$300,00012/20/2018 Bldg Type:

Zoning:

Year Built/Age:GBA:

-


50-42-09-13-0770$294,566 from Fairway Independent Mtg Corp

Public Record


RD-15

GRM/GIM: -


4626470Comp ID:


-True Buyer: True Seller: -

Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$220.03$580,00001/09/2019 (65 days on mkt) Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GBA:

-7.29%


--


RD-15-

GRM/GIM: -


4641412Comp ID:


Felix L PellotRecorded Buyer: Recorded Seller: Hopper Equities Llc813 SW 14th AveFort Lauderdale, FL 33312

Kayssa CataquetRecorded Buyer: Recorded Seller: -


Page 2P. 13



Sale Date:


PrFrma Cap Rate:


$102.53$510,00001/29/2019 Bldg Type:

Zoning:

Year Built/Age:GBA:

-


50-42-09-02-1330-

Public Record


RD-15

GRM/GIM: -


Comp ID: 4679602

6 427-501 Davie Blvd SOLDFort Lauderdale, FL 33315 Broward County

Joshua B ThomasRecorded Buyer: Recorded Seller: Messingschlager Peggy Trust427 SW 12th StFort Lauderdale, FL 33315

Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:GBA:

-


50-42-15-19-1540-

Public Record


RD-15

GRM/GIM: -


4344839Comp ID:

7 804-808 Middle St SOLDFort Lauderdale, FL 33312 Broward County

800 Hotel LlcRecorded Buyer: Recorded Seller: Lelapot Inc

Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:GBA:

-


50-42-10-28-0152-

Public Record


RML-25

GRM/GIM: -


4679567Comp ID:


Page 3P. 14



8 817 SW 4th St SOLDFort Lauderdale, FL 33312 Broward County

Charles & Wanda L WilsonRecorded Buyer: Recorded Seller: Schroeter Robert A

Sale Date:


PrFrma Cap Rate:


$141.28$550,00002/08/2019 Bldg Type:

Zoning:

Year Built/Age:GBA:

-


50-42-10-28-1070-

Public Record


RML-25

GRM/GIM: -


Wanda WilsonRecorded Buyer: Recorded Seller: -

Comp ID: 4689587


Page 4P. 15



729-731 SW 4th Ct1 Sold: $1,100,000 ($137,500/Unit)FortLauderdale

4,724 SF Multi-Family/Apartments

916 SW 8th Ave2 Sold: $555,000 ($138,750/Unit)FortLauderdale


1709-1713 SW 11th St3 Sold: $300,000 ($150,000/Unit)FortLauderdale






427-501 Davie Blvd6 Sold: $665,000 ($166,250/Unit)FortLauderdale


804-808 Middle St7 Sold: $710,000 ($236,667/Unit)FortLauderdale


817 SW 4th St8 Sold: $550,000 ($137,500/Unit)FortLauderdale


Address City Property Info Sale Info


Page 5P. 16



Dollar Volume

Legend:

Current SurveySold Transactions 8

$4,970,000Number of TransactionsTotal Dollar Volume

33,0361.45

Total Bldg Square FeetTotal Land in Acres

63,16233

Total Land in SFTotal Units

$621,2504,130

Average PriceAverage Number of SF

$150.44$165.91

Average Price Per Bldg SFMedian Price Per SF

0.219,023

Average Number of AcresAverage Number of SF(Land)

$150,606$141,875

Average Price Per UnitMedian Price Per Unit

46.16%

Average Number of UnitsActual Cap Rate

SoldTransactions

-Average GRM-Average GIM

Time Interval - Quarterly

Report Time Frame: 4/1/2018 - 4/1/2019

Trend Report


Page 6P. 17



Trend Report

Sold Transaction

2Q18 04/1-6/30/18 1Q19 01/1-3/31/19

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFTotal UnitsAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap RateAverage GRMAverage GIM

4Q18 10/1-12/31/18

Sold TransactionSold Transaction

3$2,320,000

10,8310.71

30,92816

$773,3333,610

$214.20$208.20

0.3615,464

$145,000$138,750

55.02%

--

1$300,000

5,5970.13

5,6632

$300,0005,597

$53.60$53.60

0.135,663

$150,000$150,000

2---

4$2,350,000

16,6080.61

26,57215

$587,5004,152

$141.50$140.18

0.156,643

$156,667$141,250

47.29%

--


Page 7P. 18

LOCATION MAP716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


P. 19

FORT LAUDERDALE716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


Fort Lauderdale,

Florida

Incorporated on March 27, 1911, encompassing approximately 36 square miles with an estimated population of 176,747, Fort Lauderdale is the largest of Broward County's 31 municipalities and one of the ten largest cities in Florida. Embraced by the Atlantic Ocean, New River and a myriad of scenic inland waterways, Fort Lauderdale truly lives up to its designation as the "Venice of America."

Fort Lauderdale also offers an outstanding quality of life, highlighted by a semi-tropical climate, rich natural beauty and array of cultural, entertainment and educational amenities. Blessed with over 3,000 hours of sunshine each year and pleasant year-round ocean breezes, world-famous Fort Lauderdale Beach offers premier opportunities for recreation, relaxation and enjoyment. The picturesque Riverwalk serves as the cornerstone of the City's arts, science, cultural and historic district which features the Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art and Old Fort Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort Lauderdale's centerpiece of fashion, fine dining and entertainment. In addition, the City's downtown area is home to Broward Community College, Florida Atlantic University, Florida International University, the award-winning Broward County Main Library, federal, county and school district offices.

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An advantageous economic climate is helping the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable locations for new, expanding or relocating businesses. Once known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse range of industries, including marine, manufacturing, finance, insurance, real estate, high technology, avionics/aerospace, film and television production. Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has evolved into a City that offers the best of both worlds - an attractive business environment and an outstanding quality of life. Fort Lauderdale is a great place to live, work and raise a family, and the City looks forward to continuing to build upon its success to meet the challenges of the 21st Century and beyond.

Our Location

The City of Fort Lauderdale is situated on the southeast coast of Florida, in the east-central portion of Broward County, approximately 23 miles north of Miami and 42

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miles south of Palm Beach. The City shares boundaries with nine other municipalities, as well as unincorporated areas of the County. Encompassing approximately 36 square miles, Fort Lauderdale is the eighth largest city in Florida and the largest of Broward County’s 31 municipalities.

Ft Lauderdale International Airport Broward County's Fort Lauderdale-Hollywood International Airport (FLL) and North Perry Airport (NPA), a general aviation airport, form a diverse and dynamic airport system. This airport system serves the needs of 29.2 million passengers and the general aviation community throughout South Florida. FLL is ranked 21st in the U.S. in total passenger traffic and 13th in domestic origin and destination passengers. There are more than 325 departures and 325 arrival flights a day. FLL offers nonstop service to 140 U.S. cities and flights to Canada, Bahamas, Caribbean, Mexico, Latin America, and Europe. FLL averages 640 commercial flights per day on 26 airlines. There are also 100 private flights. Each day an average of 80,000 travelers pass through the four terminals at FLL.

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Port Everglades

Exotic cruise vacations and international trade are what makes Port Everglades an economic powerhouse for Broward County and one of the most diverse seaports in the United States. Located In the heart of Greater Fort Lauderdale and the City of Hollywood, FL, Port Everglades is one of the busiest cruise ports in the world. It is a leading container port in Florida and among the most active cargo ports in the United States. And, Port Everglades is South Florida’s main seaport for receiving petroleum products including, gasoline and jet fuel. A foreign-trade zone and available office space inside the Port's secure area make Port Everglades a highly desirable business center for world trade. The Port Everglades Department is a self-supporting Enterprise Fund of Broward County government. It does not rely on local tax dollars for operations or capital improvements. The total value of economic activity at Port Everglades is more than $28 billion. And, 224,054 Florida jobs are impacted by the Port, including 13,322 people who work for companies that provide direct services to Port Everglades.

Dynamics Encompassing more than 33 square miles with a population of 165,912, Fort Lauderdale is the county seat of Broward County and the largest city among the county’s 31 municipalities. Fort Lauderdale, the seventh largest city in Florida, is centrally located between Miami and Palm Beach. An advantageous economic climate helped the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable locations for new, expanding, or relocating businesses.

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Fort Lauderdale also offers an outstanding quality of life, highlighted by a semi-tropical climate, rich natural beauty, and an array of cultural, entertainment, and educational amenities. World-famous Fort Lauderdale Beach offers premier opportunities for recreation, relaxation, and enjoyment. The picturesque Riverwalk serves as the cornerstone of the City’s arts, science, cultural, and historic district, and features the Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art, and Old Fort Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort Lauderdale’s centerpiece of fashion, fine dining, and entertainment. The City’s downtown area is home to many corporate headquarters, government offices, and educational institutions, including Broward Community College, Florida Atlantic University, and Florida International University. Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has evolved into a City that offers the best of both worlds: an attractive business environment and an outstanding quality of life. Fort Lauderdale is a great place to live, work, and raise a family, and the City looks forward to continuing to build upon its success to meet the challenges of the 21st Century and beyond. As the City moves forward, it will work hard to continue in partnership with its most important asset – its citizens – to develop the strategies necessary to ensure a safe and secure community; provide quality programs and services; enhance the quality of life; protect the environment; promote smart growth; and, maintain fiscal responsibility.

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DEMOGRAPHICS716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


Population 1 Mile 3 Mile 5 Mile

Male 8,340 (51.92 %) 66,109 (51.69 %) 157,255 (50.41 %)

Female 7,722 (48.08 %) 61,777 (48.31 %) 154,700 (49.59 %)

Total Population 16,062 127,886 311,955

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 746 (4.64 %) 6,731 (5.26 %) 16,314 (5.23 %)

Ages 5-9 948 (5.90 %) 8,304 (6.49 %) 20,207 (6.48 %)

Ages 10-14 892 (5.55 %) 7,633 (5.97 %) 18,791 (6.48 %)

Ages 15-19 845 (5.26 %) 7,396 (5.78 %) 18,264 (5.85 %)

Ages 20-24 805 (5.01 %) 7,649 (5.98 %) 18,689 (5.99 %)

Ages 25-29 812 (5.06 %) 7,885 (6.17 %) 18,812 (6.03 %)

Ages 30-34 868 (5.40 %) 7,985 (6.24 %) 18,760 (6.01 %)

Ages 35-39 996 (6.20 %) 8,315 (6.50 %) 19,417 (6.22 %)

Ages 40-44 1,157 (7.20 %) 9,063 (7.09 %) 21,064 (6.75 %)

Ages 45-49 1,295 (8.06 %) 9,813 (7.67 %) 23,040 (7.39 %)

Ages 50-54 1,334 (8.31 %) 9,794 (7.66 %) 23,037 (7.38 %)

Ages 55-59 1,274 (7.93 %) 9,146 (7.15 %) 21,740 (6.97 %)

Ages 60-64 1,154 (7.18 %) 7,906 (6.18 %) 19,114 (6.13 %)

Ages 65-69 975 (6.07 %) 6,460 (5.05 %) 15,919 (5.10 %)

Ages 70-74 737 (4.59 %) 4,889 (3.82 %) 12,504 (4.01 %)

Ages 75-79 486 (3.03 %) 3,382 (2.64 %) 9,216 (2.95 %)

Ages 80-84 272 (1.69 %) 2,080 (1.63 %) 6,157 (1.97 %)

Ages 85+ 466 (2.90 %) 3,455 (2.70 %) 10,910 (3.50 %)

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DEMOGRAPHICS716 Southwest 16th Avenue | Fort Lauderdale, FL 33312


Household Income 1 Mile 3 Mile 5 Mile

Median Income $56,600 $44,202 $45,320

Less than $10,000 568 4,316 11,722

$10,000 -$14,999 489 3,152 7,704

$15,000 - $19,999 473 2,915 7,275

$20,000 -$24,999 419 3,007 7,415

$25,000 - $29,999 556 3,367 7,812

$30,000 - $34,999 317 2,948 7,946

$35,000 - $39,999 431 3,227 7,232

$40,000 - $44,999 358 2,635 6,782

$45,000 - $49,999 221 2,155 5,330

$50,000 - $59,999 585 4,062 10,314

$60,000 - $74,999 611 4,927 12,014

$75,000 - $99,999 494 5,150 12,574

$100,000 - $124,999 546 3,185 7,583

$125,000 - $149,999 323 1,836 4,153

$150,000 - $199,999 459 1,838 4,553

Greater than $200,000 280 2,212 5,599

Housing 1 Mile 3 Mile 5 Mile

Housing Units 8,472 60,838 151,862

Occupied Units 7,314 51,878 127,667

Owner Occupied Units 3,206 24,746 69,261

Renter Occupied Units 4,108 27,132 58,406

Vacant Units 1,158 8,960 24,195

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 9,906 59,376 148,795

Population Black 5,437 62,522 147,557

Population Am In/Ak Nat N/A 29 76

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Documents

5 Unit Multi-Family Property...Each office independently owned and operated 5 Unit Multi-Family Property 716 Southwest 16th Avenue | Fort Lauderdale, FL 33312 JOHN DEMARCO, ACP, CCIM