Property description of Income/MultiFamily - Praia Boutique Hotel & Residen

A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1m+ in gross annual revenue with a 5. 13% cap rate and $436,287 current noi. Three renovated two-story towers on a 16,950 sf lot, three blocks from the atlantic ocean and one block from collins ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for north beach at this price point. The numbers speak clearly: 50% ltv financing, $113,970 annual cash flow after debt service, a projected 10. 79% levered irr, 2. 57x equity multiple, and $7m+ in profit over a 10-year hold. Four exit strategies — redevelop, rebrand, hold, or resell — with no capital restructuring required. Miami beach's stringent st

Property Features