Hospitality Property – 25 Units in Miami Beach, FL – Short-Term Rental Opportunity
Commercial Sale
Category: Hospitality (Hotel / Motel)
Price:$9,950,000
Location: Miami Beach, FL
Year Built: 1951
Days on Market: 13
Description:
The Historic Jerrico Apartments, a 25-unit short-term rental applicable property in North Beach, Miami Beach. This architectural masterpiece by Tony Sherman has 20 one-bedroom units and 6 studios, with a lush courtyard and rooftop deck. The property is fully legal and zoned for short-term rentals, making it a rare opportunity in Miami Beach. Recent improvements include new windows, doors, A/Cs, and electrical panel. North Beach is a hidden gem with affordability, close to upscale areas like South Beach. Get in now before values increase! Short-term rentals can yield over $900k/yr, with potential for even more.
North Beach gem! 25 legally applicable short-term rental, lush courtyard, rooftop views. Recent upgrades, high potential. Act now before values soar!
Listing Code: 1098549270