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Houselab Realty’s $44.9M Portfolio Listing Marks Entry Into Commercial Sector

Nathalie Azoubel October 12, 2023

The collection, which has seen an impressive 18% annual appreciation over the past three years, is up for grabs as a ready-to-go, revenue-generating venture. Potential buyers also have the option to keep the existing management team.

Nathalie Azoubel, the visionary behind Houselab Realty, expressed her excitement: “Diving into the commercial sector with a portfolio of this caliber, valued close to $45 million, is a significant move for us. This is just the beginning. We're setting our sights on a range of commercial assets, from swanky hotels to modern office spaces. We're leveraging the vast market knowledge that has propelled our success in the luxury residential sector.”

The portfolio boasts a mix of 96 properties (encompassing 105 units). This includes apartments, standalone homes, a premium office condo, and a plot ripe for development into an 18-unit rental building. Acquired over a span of 14 years, these properties enjoy full occupancy, with a majority of tenants benefiting from Section 8 vouchers.

Azoubel adds, “This portfolio isn't just about its current value. It's about its potential. It's a golden opportunity for both seasoned and budding investors. Its consistent performance, regardless of market fluctuations, speaks volumes about its future prospects.”

These properties are nestled in Miami's most coveted neighborhoods, especially significant given the current low inventory scenario. A significant chunk is in Hialeah, while the rest are spread across Miami Gardens, North Miami, and North Miami Beach. Specific addresses can be shared upon inquiry.

 

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