$3,250,000
For Sale
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Description

This Hotel licensed Short-term rental in the heart of South Beach. Completely renovated in Oct 2020 in Prime South Beach location; from Roof to Foundation and 40-year recertification all done in 2021 One block from Lincoln Road Mall and the Intercostal Bay. It currently has an operator with a master lease paying off a net amount to the owner. This is where the deal lies for any would-be investor that understands the intricacies of how to manage a short term. All units have a 2/ 2 layout, brand new appliances & AC System. Downstairs has a stunning patio area and the upstairs units come with a balcony overlooking the bustling streets of South Beach.It is currently fully operational and bringing in a phenomenal ROI with the current management. All units are sold with the furniture.
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  • Property Details
    • Property
      • Stories:2
      • Lot description:Less Than 1/4 Acre Lot
      • Exterior materials:Open Balcony
    • Measurements
      • Square Feet:4338
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1950
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Municipal Water
  • Community and Neighborhood Details
    • Location
      • County:Miami-Dade County
    • Community
      • Subdivision:LINCOLN TERRACE SUB
  • Other
    • Source
      • MLS #:A10984243

Location

Carolina Bustillos PA.Real Estate Group
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