About This Property

A premier, income-generating multifamily asset in a highly coveted Miami Beach location. This standalone building features 8 stabilized units (4 studios and 4 one-bedrooms) producing a strong gross income of $164,400 per year against lean operating expenses of $40,777, resulting in a predictable Net Operating Income (NOI) of $123,623.The Ultimate Upside: Short-Term Rental Zoning. While currently fully occupied on steady one-year leases, the true alpha of this property lies in its zoning flexibility. The asset sits in a rare Miami Beach district that explicitly permits short-term rentals (STR). This allows a new owner to seamlessly pivot the asset into a high-yield vacation rental or flexible-stay model, exponentially increasing the gross revenue and cap rate.

Key Features

• 5,500 sq ft Lot
• Built in 1939

Property Details

• Type: Single Family Home
• Year Built: 1939
• Lot Size: 5,500 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 5,500 sq ft Lot
• Feature: Built in 1939
• Status: Active
• MLS Number: 1177513629
• Days on Market: 72
• Listed By: Elite Ocean View Realty LLC · Teodoro Palmieri
• Zip Code: 33141