A premier, income-generating multifamily asset in a highly coveted Miami Beach location. This standalone building features 8 stabilized units (4 studios and 4 one-bedrooms) producing a strong gross income of $164,400 per year against lean operating expenses of $40,777, resulting in a predictable Net Operating Income (NOI) of $123,623.The Ultimate… Read More Upside: Short-Term Rental Zoning. While currently fully occupied on steady one-year leases, the true alpha of this property lies in its zoning flexibility. The asset sits in a rare Miami Beach district that explicitly permits short-term rentals (STR). This allows a new owner to seamlessly pivot the asset into a high-yield vacation rental or flexible-stay model, exponentially increasing the gross revenue and cap rate. Read Less
Courtesy of Elite Ocean View Realty LLC 305-600-1278
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
4,640
Lot Size
0.13 Acres
Year Built
1939
MLS Number
A12056231
30 Days Snapshot Of 33141
$466k
-9%
(avg) sold price
32
-13%
homes sold
150
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: City Street
Building
Built in 1939, Building features: Exterior Lighting, Construction materials: CBS, Toal building area: 4640
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