Little Gables Lofts:

Value-Add Renovation Case Study

Overview

MAGASI spearheaded a comprehensive value-add renovation project for Little Gables Lofts, a 7-unit property in East Little
Havana. The project aimed to modernize unit interiors, improve property infrastructure, and address challenges such as
below-market rents and property deterioration. The result? A significant increase in rental income, property value, and
overall profitability.

Property Details

Location: East Little Havana
Year Built: 1971
Unit Mix: 4 (1BR/1BA) and 3 (2BR/2BA) loft-style units with balconies
Size: 5,500 RSF on a 6,900 SF lot

Project Objectives

The owners sought to execute a value-add strategy by:

Renovating unit interiors with modern finishes

Completing exterior upgrades, including roofing, windows, doors, and landscaping

Maximizing rental income and stabilizing the property quickly

Challenges

Before

Results

82% Revenue Growth

Pre-renovation rental income: $6,465/month
Post-renovation rental income: $11,750/month ($141,000 annually)

5-Month Stabilization

Project completed in record time (February–July 2022)
Renovations finished in 20 days, with units leased within 7 days

156% Property Appreciation

Purchase Price: $1,100,000
Cap Rate (Assumed): 5.0% Market Value: $2,820,000

After

Our Process

Watch these videos to get a behind the scenes glimpse of our work

Renovations

Interior Upgrades:

Exterior Upgrades:

Investment Summary

Hard Costs
$ 0
Soft Costs
$ 0

Conclusion

Through its project management, property
management, and leasing expertise, MAGASI
delivered exceptional results for Little Gables Lofts,
proving its commitment to maximizing real estate
investments.

See how our dedication to quality and professionalism has earned the trust of our clients. Our focus on
excellence and attention to detail has consistently resulted in positive outcomes. Read their stories to
learn more about how our property management services make a real difference.

Absolutely incredible!!! Words cannot describe the promptness and professionalism. I work with Maty and she’s unreal, to say the least. There is no way I could have managed my property like her or without her. From setting up contractors for construction, to stocking my unit with food, drinks, towels, sheets and all essentials to being amazingly organized, she is the best! I highly recommend Maty and MAGASI.

Hiten G
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