© 2019 Lightship Capital

The Founder Lofts - Miami include two buildings in the Upper East Side section of the city, directly across the street from a waterfront public park.  Fully licensed to operate as a B&B, just off Mimo Biscayne District, Completely Renovated on 2005 to use as B&B. We are purchasing two buildings, 575 & 585 NE 66 Street. The property has  hurricane impact windows (which are also sound resistant), shutters, a salt water pool, new electrical systems, newer roof and updated plumbing. All work permitted. (Rare for Miami) 😊  Main House has 4 bedroom and four bathrooms (each has one),  Guest Cottage is a complete unit, and a 2nd building that has two 2 bedroom units, three one bedroom units, and one efficency for a property manager. All have their own bathrooms. This property is ideal for our use case for the accelerator, and has the additional value of Miami being the #2 AirBnB destination in the US, with a 85%+ occupancy rate in this neighborhood. This property has the highest ROI in the protfolio so far, with a 499% cash on cash return over the life of the fund.