10-Unit Condo Portfolio, Grandfathered Rental Rights, $1,300,000

Nobody else can do what this portfolio does.

The 55+ community where these units sit has closed off new rentals entirely. These 10 units got in before it closed. That Grandfathered Rental Status transfers with the LLC.

Buy the LLC. Own the rights. No new investor can recreate this position.

NDA and Proof of Funds required before package is released. Move fast.

THE ASSET

10 condominium units. All 2-Bedroom / 2-Bath. Gated 55+ community. Pembroke Pines, Central Broward County.

The community features resort-style pools, clubhouse, fitness center, tennis courts, social areas, shuttle service, on-site security, and a strong long-term owner-occupant base that supports stable occupancy demand year after year.

THE NUMBERS

Current rents: $1,700 to $1,900 per month per unit unrenovated.

Gross Annual Rent at current rents: $204,000 to $228,000.

Operating Expenses:

HOA Fees: $95,775 annually
Real Estate Taxes: $34,086 annually

Total Known Annual Expenses: $129,861

Net Operating Income at current rents: approximately $74,000 to $98,000 before financing.

Price: $1,300,000.

In simple terms: comparable unit values inside this community support a total portfolio value of $1,500,000 to $2,000,000. You are buying below that number today.

WHY THIS ASSET IS IRREPLACEABLE

The association no longer permits new rental approvals. Investors buying individual units today generally cannot rent them out.

This portfolio operates under preserved Grandfathered Rental Rights through the existing LLC. That creates a true barrier to entry and an extremely limited supply of rentable inventory inside the community.

In simple terms: the only practical way to own income-producing rentals here is to buy this portfolio.

Limited competing supply. Stable occupancy demand. Long-term pricing power. A position nobody else can replicate.

VALUE-ADD UPSIDE

Most units are unrenovated. That is not a problem. That is the opportunity.

Renovated comps inside the community command $400 to $600 per month in additional rent per unit.

Renovate all 10 and you are looking at $48,000 to $72,000 in additional Gross Annual Rent without acquiring a single new property.

The roadmap is clear. Upgrade interiors. Increase rents. Compound equity value.

DEAL STRUCTURE

This transaction must be completed through acquisition of the existing LLC to preserve the Grandfathered Rental Rights. A standard asset purchase will not work here.

Buyers must be prepared to execute an LLC acquisition.

INVESTMENT HIGHLIGHTS
10 units
All 2BR / 2BA
Gated 55+ community
Pembroke Pines
Grandfathered Rental Rights
Non-replicable
Permanent competitive advantage
$204,000 to $228,000 Gross Annual Rent at current unrenovated rates
$48,000 to $72,000 additional Gross Rent potential through renovation
Comparable asset value $1,500,000 to $2,000,000
Priced at $1,300,000
LLC transfer structure preserves all rental rights

AGGRESSIVELY PRICED AT $1,300,000

Comparable unit values, the rarity of the Grandfathered Status, and the zero-supply rental environment all point to a number higher than $1.3M. The seller knows that. The price reflects a decision to move, not a need to.

Serious buyers execute the NDA, submit proof of funds, and move.

Total Sales: $183,494

Cash Flow: $51,270