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$12,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID A11794468
HOA Y/N No
Annual Tax Amount $79,555
Tax Year 2024
Property Description
12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int'l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller's master lease income with tenant, not hospitality's income).
Location
State FL
County Miami-dade
Area 42
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Trash Collection, Water Available
Present Use Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Tax ID 02-42-03-009-4930
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporate Listing
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11794468
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Listed by Pulse Int'l Realty FL Inc