927 Jefferson Ave
Miami Beach, FL 33139

Originally built as a single-family home, 927 Jefferson Avenue was converted to a Rooming House in the early 1940s as tourism diminished and many of Americas Armed Forces trained in South Florida during WWII. Troops would train on the beaches by day and relax in the inviting tropical environs of this and other “Rooming Houses” by night. Known as “Sytten House” in the 1940s, 927 Jefferson Avenue has been in continuous operation as a center for hospitality to this day. Note that the “Rooming House” designation for the subject property allows for remote management- free from the cumbersome demands of other short-term rental properties. Also, the ability to serve Food and Beverages to guests round-the-clock adds significantly to potential income and is a more liberal use than is allowed for Bed & Breakfast Inns and many hotels. Finally, commercial signage to advertise the establishment is allowable on site of up to 20 square feet. See pages 17-18 for Income and Expense Analyses and YoY performance for 2015 & 2016. Renovations were recently completed in 2014. See attached Offering Memorandum for additional information.