Multifamily – 3990 SF in Miami Beach, FL – Licensed Short Term Rental Opportunity
Commercial Sale
Category: Multifamily
Price:$2,500,000
Location: Miami Beach, FL
Year Built: 1937
Days on Market: 49
Description:
Rare, fully licensed Hotel/Short term rental multi family building in the heart of South Beach, blocks from Lincoln Rd & the Ocean. Due to strict municipal zoning laws, one of few buildings in the area to be licensed for STR, grandfathered in from prior to 2012. This Art Deco Gem, aka "Le’toile” features 4 spacious units, one 2 bedroom and three 1 bedrooms. Two of the units have an extra den/bedroom for potential added rental premium. The property features 3990 interior SF, a large pool & pool deck, impact windows, vaulted ceilings, front yard, parking area, fully gated and a large second floor patio overlooking lush landscaping & the private pool. Building Certification Completed. Incredible upside through capital improvements & opportunity to convert into a single family home/Mansion.
Yes
Listing Code: 1111366603