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TOM JOHNSTON
经纪服务总监
SVN | SFRhub 顾问
BOR:
SVN | 商业伙伴
Ashley B. Bloom
总经理
位于美国佛罗里达州西棕榈滩的房产,其介绍如下:
这个拥有124套住宅的独立房屋(SFR)以及多户家庭投资组合在佛罗里达州东南部住房市场为投资者提供了一个千载难逢的好机会。该房屋投资组合拥有专业管理,其独特的组合包括58套独栋出租屋、3套联排别墅、13套复式住宅、1套公寓、2套三层住宅、3套四层住宅和5、6、7个单元不等的小型复式楼。其提供了一个多样化、完全利用和增值的机会,并有多种退出策略。所有物业均在2014年和2015年之间购买,并由当地两家管理公司进行良好的维护翻新。
欢迎了解/选购美国佛罗里达州西棕榈滩房产。
Visit www.SFRhub.com and search for portfolio 100840 for more information.
Contact:
TOM JOHNSTON
Director of Brokerage Services
SVN | SFRhub Advisors
T: 602.825.1780
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000
BOR:
SVN | Commercial Partners
Ashley B. Bloom
Managing Director
This 124-home SFR and multifamily investment portfolio offers an investor a significant opportunity in the exceedingly strong and sought-after southeast Florida housing market. This professionally managed home portfolio has a unique mix of single-family rental homes(58), townhomes(3), duplexes(13), condominium(1), triplexes(2), quadplexes(3), and small scale multiplexes(5, 6, & 7 unit buildings) offering a diverse, fully occupied, and value adds opportunity with multiple exit strategies in place. All properties were purchased between 2014 and 2015 and have been well maintained by two local management companies.
The average vintage throughout the portfolio is 1970, with the SFR homes averaging 1,396 SF, the townhomes at 1,418 SF, the duplex units at 864 SF, the quadplexes at 881 SF, and the multiplexes at 683 SF. This portfolio has historically operated at a high occupancy rate, consistently above 95%, and is currently at 100% occupancy.
The next operator has a significant opportunity to value engineer this portfolio through various strategies given market conditions in the greater West Palm Beach MSA. This portfolio is under rented per the market by 22% and with additional Capex, stabilized year 1 rent is projected to be 30% above current rents throughout the portfolio. With the current owner employing two separate property management companies, the next owner can gain economic efficiencies through consolidation. While this portfolio has been extremely well maintained and monitored during the course of ownership, little capital expenditures have been invested, aside from necessary repairs such as HVAC replacements and turnover costs upon tenant vacancy. This is a significant opportunity for the next owner who may want to gain access into the West Palm Beach market’s 26.1% YOY value increase, which is predicted to increase another 8% in 2022 & 2023 according to John Burns Real Estate Consulting. This is not surprising given the extremely low supply of homes available on the market with less than 1.1 months' supply and strong 5.2% employment growth YOY. Rents have also increased by 6.1% YOY and are projected to increase by another 9.5% in the next 2 years per John Burns. The West Palm Beach MSA ranks #19 out of the top 63 markets in the United States for rent growth through 2024.
With such staggering home price appreciation, rent growth, employment growth, and a limited supply of available properties on the market, this portfolio is poised to take advantage of massive tailwinds moving forward. The new investor has multiple opportunities to take advantage of an underserved portfolio, improve property conditions, consolidate management, drive rents and significantly improve revenue, all feeding and optimizing the NOI. Projected Stabilized Year 1 rent collections are $2.948m, with an NOI of nearly $1.9m offering a Stabilized Year 1 Gross Yield of 9.6% and Year 1 Cap Rate of 6.18%.