Just one step from the beach, in the heart of Miami Beach and Art Deco District, this classic 24 mix units, 2 bedrooms, 1 bedrooms and efficiencies is an excellent investment property, mixed hotel and apartments license( 12 hotel rooms and 12 non transient rental ) fully occupied, and easy to manage. Commercial District Zoning allows hotel, retail and developments.City Redevelopment Projector the area is undergoing right now. This major improvement project includes the construction of the pathways, new landscaping and irrigation system, bike lanes, water features, an open air pavilion, beach access, security cameras. The plan include the construction of a 20 stories residential tower and 11 story hotel. There will be an increase of parking space. A total of 525,694 sqft of new real estate will be developed into new residential units. The property offer fire and smoke alarm, individual AC units in each unit, common laundry site. The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility. The building has been re-certified (40 years) in May 2017. Motivated seller, send your offer!