12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int'l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller's master lease income with tenant, not hospitality's income).
MLS# | A11668761 |
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Listing Type | For Sale |
Style | Hospitality |
Sub-Type | Resale |
Status | Active |
Year | 2019 |
Days On Site | 130 |
Listing Provided By | Pulse Int'l Realty FL Inc | Armando Senra |
SQ Feet | 18,301 |
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Building(s) | 1 |
Zoning | 6503 |
Acreage | 7000.00 |
State | FL |
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County | Miami Dade |
City | Miami Beach |
Zip Code | 33139 |
Area | 42 |
Listing VS Median (in 33139) | |
Price: $12,500,000 low | high Med: $250,000 SqFt: 18,301 low | high Med: 590 $ / SqFt: $683 low | high Med: $424 On Site: 130 low | high Med: 22.000000 |