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About This Property
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 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.
Property Features
County
Miami-Dade County
Section
2
Area
4640
Subdivision
Interior
Cooling
Wall/Window Unit(s)
Bedrooms
Floors
Wood
Full Baths
Appliances
Heating
Wall/Window Units
Style
Garage Spaces
Construction/Exterior
CBS Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Funding
Lot Size in Acres
Water
Public
Sewer
Public Sanitation
Lot Size in Sq. Ft.
5500
Has Waterfront
No
Parking Description
On Street
View
Has Garage
No
Roof/Attic
Slate
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Income/MultiFamily
Tax Year
NA
Year Built
1939
Tax Amount
$
APN
NA
Square Feet Source
NA
Map
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