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Situated in a desirable submarket, the property comprises 20 units and stands amidst an area witnessing remarkable population growth, with the Miami metropolitan area ranking as the ninth largest in the U.S. The average household income in Miami Beach exceeds $116,000, reflecting the area's affluence, while the average home value stands at $563,000. Conveniently located near various amenities such as Whole Foods Market, Starbucks, and the Miami Beach Golf Club, the property also benefits from its proximity to major employment centers like the Port of Miami and the Miami Beach Convention Center. Miami Beach's allure extends beyond its amenities, boasting over 200 designer boutiques, national retail stores, and a renowned fine dining scene. Additionally, the scarcity of land and high barriers to entry make Miami Beach the second-highest density area in the U.S., following only New York City. Limited supply of rental units further accentuates the investment potential, with only 213 multifamily buildings in the South Beach zip code 33139, totaling 4,376 units since the 1980s. The property, currently under a commercial triple net lease agreement, ensures stable cash flow for investors, with the tenant covering all real estate taxes, operating expenses, and insurance. Furthermore, the investment presents opportunities for future development, either through lot combination or leveraging the "Live Local Act" initiative, which provides tax incentives for multifamily developments. Analyzing sales comps in the area underscores the attractiveness of the investment, with favorable pricing metrics compared to similar properties in South Beach. With Miami's booming population growth, diverse industries, and favorable tax environment, the investment opportunity in Alton Road represents a strategic move for investors looking to capitalize on Miami Beach's promising long-term prospects and solidify their foothold in this dynamic market.


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About Me

My name is Lior Lustig, CEO of Nadlan Group, the largest US real estate Israeli investors group, brings over 30 years of technology experience and 20 years of real estate experience. With a background in business and technology, I have sold two startups and holds three degrees. My portfolio includes over $300 million worth of real estate projects, spanning multi-family, multi-single, funds, and developments.

Nadlan Group provides a comprehensive real estate cycle for foreign nationals and local investors, offering education, financing, and deals in 104 languages with over 8 million web requests monthly. The group boasts a community of 14,400 investors with over $300 million in real estate projects.

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