1400 West Ave - Residential Income FOR SALE


Miami Beach, FL 33139
$8,995,000 USD
305-695-4253
1400 West Ave, Miami Beach, FL for Sale
$8,995,000 USD
Residential Income - FOR SALE
1/17
null | Request Cap Rate

1400 West Ave
Miami Beach, FL 33139


HIGHLIGHTS

  • Two renovated single-family houses with short-term rental licenses
  • Existing licensed, 10-room short-term rental operation
  • City allows for new single-family construction with STR license on each lot
  • RM-1 zoning allows for a new 5-story condo or multifamily development
  • Prime South Beach location near the Bay, Lincoln Road, and Flamingo Park
  • Ideal for investor/operator or developer

OVERVIEW

ATTENTION STR OPERATORS AND/OR DEVELOPERS! A RARE FIND IN SOUTH BEACH! Unique opportunity to acquire two adjacent, single-family homes in the heart of South Beach licensed for short-term rentals. The houses are renovated with impact windows and doors, and offered turnkey and fully furnished – see Villa Diamond in South Beach and Villa Colors of South Beach on Airbnb, Vrbo and other STR sites. They can be demolished to make room for two brand new single-family homes – more than double the size of the existing houses - while retaining the short-term rental license. This is an amazing opportunity for an investor/operator. Alternatively, a developer may choose to construct a new 5-story condo or multifamily residential development, steps from the Bay. Prime location a few blocks from Lincoln Road’s shops and restaurants, and Flamingo Park’s aquatic center and extensive sports amenities. Ideal for investor/operator or developer! Sold as a package with 1315 14th Street.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$2,771 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

South Beach Houses with STR License

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,000 SF

ZONING

RM-1

APN/PARCEL ID

02-3233-016-0480

ASK ABOUT THIS PROPERTY

Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.