Morningside Homes Investment Portfolio
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Morningside Homes Investment Portfolio
8 Specialty Properties Offered at $20,000,000 in Miami, FL
Investment Highlights
- Residential income opportunity with 8 out of 8 homes currently occupied
- All 8 homes are newly renovated with pools and are all close to the water
- Highly desirable area to live with significant capital appreciation
Executive Summary
A portfolio of 8 Newly renovated single family homes in the highly desirable area of Morningside. All homes are currently rented. Morningside is a quit and cozy historical residential gated community located in the northern part of Miami alongside Biscayne Bay; running from NE 50th Terrace to NE 60th Street. This highly sought after gated community is comprised of single-family homes.
All 8 homes are near the water, and the 42-acre Morningside park making it perfect for the avid tennis player, the runner/biker/rollerblader, the family with kids and the dog lover. Modernity here is closely intertwined with naturalness and simplicity. Morningside contains a wealth of Mediterranean, Art Deco, and vernacular style houses that reflect the diversity and direction of architectural design. Coined as Miami’s first historic district incorporated in 1984 and registered in the National Register of Historic Places in 1992, Morningside is one of the few neighborhoods in Miami-Dade County whose architecture is still preserved. Wide tree-lined boulevards make for a peaceful backdrop and are perfect for riding bikes after school and taking a long jog on weekend mornings. Encompassing over 100 acres and comprising of over 218 single family homes. Morningside is filled with young families and a profusion of lush parks. Nearby verdant grounds that are picturesque for picnics and play dates.
The neighborhood also features kayak rentals and sailing water sports are available on weekends. Also, children's camps are organized here — summer, winter and spring. There are also basketball courts, a swimming pool, a football field, boat rental, and special picnic areas.
All 8 homes are near the water, and the 42-acre Morningside park making it perfect for the avid tennis player, the runner/biker/rollerblader, the family with kids and the dog lover. Modernity here is closely intertwined with naturalness and simplicity. Morningside contains a wealth of Mediterranean, Art Deco, and vernacular style houses that reflect the diversity and direction of architectural design. Coined as Miami’s first historic district incorporated in 1984 and registered in the National Register of Historic Places in 1992, Morningside is one of the few neighborhoods in Miami-Dade County whose architecture is still preserved. Wide tree-lined boulevards make for a peaceful backdrop and are perfect for riding bikes after school and taking a long jog on weekend mornings. Encompassing over 100 acres and comprising of over 218 single family homes. Morningside is filled with young families and a profusion of lush parks. Nearby verdant grounds that are picturesque for picnics and play dates.
The neighborhood also features kayak rentals and sailing water sports are available on weekends. Also, children's camps are organized here — summer, winter and spring. There are also basketball courts, a swimming pool, a football field, boat rental, and special picnic areas.
Taxes & Operating Expenses (Actual - 2022) Click Here to Access |
Annual |
---|---|
Gross Rental Income | $99,999 |
Other Income | - |
Vacancy Loss | - |
Effective Gross Income | $99,999 |
Taxes | $99,999 |
Operating Expenses | $99,999 |
Total Expenses | $99,999 |
Net Operating Income | $99,999 |
Taxes & Operating Expenses (Actual - 2022) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Other Income | |
---|---|
Annual | - |
Vacancy Loss | |
---|---|
Annual | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Taxes | |
---|---|
Annual | $99,999 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Total Expenses | |
---|---|
Annual | $99,999 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Property Facts
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
411 NE 52nd St, Miami, FL 33137 | Specialty | 1,895 SF | 1941 | - |
440 NE 53rd St, Miami, FL 33137 | Specialty | 2,436 SF | 1940 | - |
485 NE 55th Ter, Miami, FL 33137 | Specialty | 2,068 SF | 1949 | - |
521 NE 50th Ter, Miami, FL 33137 | Specialty | 2,264 SF | 1952 | - |
555 NE 52nd St, Miami, FL 33137 | Specialty | 2,245 SF | 1952 | - |
621 NE 56th St, Miami, FL 33137 | Specialty | 2,359 SF | 1953 | - |
630 NE 52nd St, Miami, FL 33137 | Specialty | 1,786 SF | 1947 | - |
655 NE 50th Ter, Miami, FL 33137 | Specialty | 2,376 SF | 1953 | - |
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Magic City Incubator LLC
Morningside Homes Investment Portfolio
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