807 Alton Rd.

Reposition apartments, quarterly income grows

South Beach 8-unit multifamily, 5,760 sqft building on 0.35 acre inland of Alton Road.

Value-add strategy on an 8-unit multifamily building at 807 Alton Road in Miami Beach, Florida. The 5,760-sqft structure sits on a 15,035-sqft (0.35 acre) parcel inland within South Beach. The value-add thesis underwrites unit-level modernization at turnover (kitchens, baths, flooring, and finish package) paired with common-area positioning, targeting NOI uplift through rent repositioning into the updated-unit comparable set for inland South Beach multifamily. The inland position, rather than directly fronting the ocean or the bay, is central to the strategy: the basis per door is materially lower than equivalent oceanfront inventory, while the updated-unit rent band within the South Beach market is a function of the unit specification more than precise block-level address. Hold duration is expected to align with a standard value-add multifamily timeline covering organic turnover, renovation, rent progression, and stabilized hold. Asking basis of 6.75 million dollars reflects the unit count, building scale, land area, and inland South Beach positioning. Capital deployment covers unit-level turn capital at each vacancy, common-area refresh including exterior paint and landscape, systems updates as required, and operational positioning. Returns are targeted from the NOI uplift through repositioning and the associated valuation effect at stabilization, rather than from any discrete disposition trigger.

Address

807 Alton Rd.

City

Miami Beach, FL

ZIP

33139

Beds

8

Baths

8

Living sqft

5,760

Lot sqft

15,035

Year built

—

Waterfront

NONE

Value-add economics model using acquisition basis, improvement envelope, maturity, and downside/upside stabilized-value scenarios. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return