• REDUCED PRICING AT $12,550,000: The property was previously offered at $13,500,000. It is now offered at a reduced pricing of $12,550,000 or $392,188/Unit or $288/SF. • IN-PLACE CAP RATE AT 6.4%: $800,000 per year in Net Operating Income (tax adjusted) • YEAR 1 CASH-ON-CASH at 7.1%: Above market 7.1% Year 1 Cash-on-Cash. • COMPARABLE TOWNHOMES SELLING UP TO $485,000: Nearby comparable community Grandville has seen sales averaging $467,000 and reaching $485,000 over the past few months. Rare opportunity to acquire newly completed build-for-rent townhomes in Miami-Dade. Build-to-rent townhomes are highly sought after for renters with families and are significantly under supplied in Miami-Dade. There are currently three units rented at market rents of $3,500 with another seven units at $3,400. Grace Townhomes was completed in November 2022 and provides “townhome for sale level” high-end finishes. All units are 4BR/3.5BA layouts averaging 1,363 square feet (AC space). In addition, each unit has private rooftops with BBQ areas. All townhomes have individual electric & water meters with all utilities paid by tenant. Each unit has separate folio, however, the new owner will own Grace Townhomes in its entirety with no HOA. A future owner has the option to continue to rent the units and at a later point sell all units on a retail basis. The property features modern high-end finishes including hard flooring, with large tiles, modern wood finish cabinetry, stainless steel appliances, impact windows and doors, central A/C. Grace Townhomes is located in Naranja, one of the fastest growing rental submarkets in Miami Dade County. Similar townhomes in the immediate area surrounding Grace are selling for as high as $550,000 which translates into $345+ per square foot. Indicative examples are Grandville which features 4BR units and is selling townhomes as high as $485,000 over the past few months and Redlands Shores at Paradise One which also features 4BR units and has seen pricing upwards of $430,000.