Discover an exceptional investment opportunity in the vibrant heart of miami beach's art deco district, just steps from the pristine shoreline. This rare short term rental property features 24 units, including 2-bedroom, 1-bedroom, and efficiency apartments, all under a unique mixed hotel and apartment license. With 12 hotel rooms and 12 rooms month to month lease, the property is fully occupied, easy to manage, offering a steady stream of income. Situated in a prime commercial district, the zoning allows for hotel, retail, and development projects. The city of miami beach is currently undergoing a significant redevelopment initiative, enhancing the area with new pathways, landscaping, retails, bike lanes, water features. Motivated seller invites offers for this unparalleled opportunity.
Mortgage Calculator
*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.
| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Lehrman Community Day School | 727 77TH ST | private | 300 | PK - 5 | 0.29 mi |
| Biscayne Beach Elementary School | 800 77TH ST | public | 578 | PK - 5 | 0.29 mi |
| Happy Kids Private School | 7118 BYRON AVE | private | 9 | PK - 2 | 0.29 mi |
| Gan Katan | 7055 BONITA DR | private | 66 | PK - 4 | 0.41 mi |
| Mater Academy (miami Beach) | 8625 BYRON AVE | public | 614 | KG - 8 | 0.76 mi |
| Stars Learning Center | 2140 VERDUN DR | private | 25 | PK - 2 | 1.4 mi |
| Ruth K. Broad Bay Harbor K-8 Center | 1155 93RD ST | public | 1249 | PK - 8 | 1.77 mi |
| Treasure Island Elementary School | 7540 E TREASURE DR | public | 399 | PK - 5 | 1.85 mi |
| Montessori Academy At St John's | 4760 PINE TREE DR | private | 17 | PK - 3 | 2.59 mi |
| Lanaar | 2225 NE 121ST ST | private | 84 | 1 - 4 | 2.77 mi |
Free Benefits of account
