19370 Collins Ave - Apartments CONDO FOR SALE


Sunny Isles Beach, FL 33160
$8,000,000 USD
954-822-0556
19370 Collins Ave, Sunny Isles Beach, FL for Sale
$8,000,000 USD
Apartments CONDO - FOR SALE
1/34
null | 9.98% Cap Rate

19370 Collins Ave
Sunny Isles Beach, FL 33160


HIGHLIGHTS

  • Ocean and Intracoastal views
  • Fully Furnished and equipped 12 units Total of 13,785 sf of rentable area
  • Licensed for AirBnB, VRBO, Booking.com
  • All units have assigned parking spaces
  • Laundry Facility on each floor in Building
  • Each unit has full kitchen

OVERVIEW

Just reduced $200,000!!!! Incredible opportunity to acquire a 12-unit income-producing portfolio in highly desirable Sunny Isles Beach, Florida (owner have more units if needed or split this portfolio(no single units for sale)). All units located within multifamily 420-unit building that permits short Term Rentals. Units are Fully furnished, equipped and licensed for AirBnB, VRBO, Booking.com with the City of Sunny Isles and Condominium Association. The sale includes all the furnishing, equipment, electronics, decorations, supplies - anything that makes daily rentals possible. Full-service building features all amenities: heated pool, tennis courts, gym, mini-market, hair salon, boxing studio , valet service and 24h concierge. Each unit has Each unit has full kitchen and assigned parking space. Laundry Facilities are on each floor in Building. Cable, internet, Air Conditioner, hot and cold water are included in maintenance fees. 12-unit portfolio includes: One - 3bed/2bath unit Two - 2bed/2bath units One - 2 bed/1 bath unit (convertible) Three - 1bed/1 bath units Five - 1bed/1.5 bath units Each unit comes with 1 parking space (12 parking spaces total) Total of 13,785 sf of rentable area (as per official records). Each unit produced $5000-$10,000 monthly income depending on the season. average occupancy is about 94%. Condo Maintenance Includes: Hot Water, Cold Water, Cable/Internet, Air Conditioner, Exterior property insurance, Concierge/Security and building services Building undergo renovations (Roof, garage, windows, exterior walls). Special assessments will be paid of by the Seller at closing. Seller has excellent reviews on www.Bookong.com, www.AirBnB.com and www.vrbo.com More particular information to qualified Buyers with executed NDAs.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$580 USD /SF

CAP RATE

9.98%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-unit Licensed short-term rental portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

450,000 SF

STORIES

17

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

5.45 AC

LAND SF

237,402 SF

ZONING

RU-4, Sunny Isles

APN/PARCEL ID

31-2202-048-0010

ASK ABOUT THIS PROPERTY

Eugene NoskaGrand Real Estate CompanyMore Info
954-822-0556

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Eugene NoskaGrand Real Estate CompanyMore Info
954-822-0556

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