“Single-family home sales within the portfolio are available below pre-recession pricing,” says Weaver. “This provides an investor the best of both worlds, in-place cash flow and the potential to sell the homes individually at a significant premium in the future.”

The seller has invested $5.8 million, or $43,000 per home, in capital improvements throughout the portfolio to date. According to CushWake, portfolio management can either be assumed or offered free and clear.

Affordability is a growing concern for South Florida's housing market. According to the Greater Fort Lauderdale Realtors, the median home price in Broward County has risen 7% in the past year. Along with this steady rise in prices, a recent Nerdwallet study reveals that South Florida homes are too expensive for many young buyers.

In response, many are renting homes. Others are finding more affordable options, like projects from 13^th Floor investments that offers homes starting in the upper $200,000s.

MIAMI—A 136-unit single-family housing portfolio in Broward County is up for grabs. The list price: $26 million.

Cushman & Wakefield is the exclusive marketing advisor. Calum Weaver, an executive managing director at the firm, is managing the disposition process for a group of private investors.

“Acquiring an income-producing, single-family housing portfolio is a rare opportunity,” Weaver tells GlobeSt.com. “This is the second-largest single-family housing portfolio to be made available in Broward.”

The portfolio includes 194,245 square feet of single-family housing—1,428 square feet per home—located throughout Broward County. The single-family homes are 98% occupied. The portfolio produces nearly $2.7 million in annual gross income with rents averaging approximately $1,639 per month. That's about $1.15 per square foot.

“Single-family home sales within the portfolio are available below pre-recession pricing,” says Weaver. “This provides an investor the best of both worlds, in-place cash flow and the potential to sell the homes individually at a significant premium in the future.”

The seller has invested $5.8 million, or $43,000 per home, in capital improvements throughout the portfolio to date. According to CushWake, portfolio management can either be assumed or offered free and clear.

Affordability is a growing concern for South Florida's housing market. According to the Greater Fort Lauderdale Realtors, the median home price in Broward County has risen 7% in the past year. Along with this steady rise in prices, a recent Nerdwallet study reveals that South Florida homes are too expensive for many young buyers.

In response, many are renting homes. Others are finding more affordable options, like projects from 13^th Floor investments that offers homes starting in the upper $200,000s.