REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,950,000
Est. payment /mo
New
1335 Drexel Ave Miami Beach, FL 33139
5,360 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 5,360 sqft
Price per Sqft $923
MLS Listing ID A11933913
HOA Y/N No
Year Built 1939
Annual Tax Amount $28,411
Tax Year 2024
Lot Size 5,000 Sqft
Property Sub-Type Hotel/Motel
Property Description
Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!
Location
State FL
County Miami-dade
Area 32
Interior
Cooling Wall/Window Unit(s)
Flooring Carpet, Hardwood, Wood
Exterior
Roof Type Concrete
Private Pool Yes
Building
Story 2
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 02-32-34-011-0070
Security Features Fenced
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11933913
Listed by Douglas Elliman
GET MORE INFORMATION
QUICK SEARCH