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1335 Drexel Ave 8 Unit Apartment Building $6,879,015 CAD ($859,877 CAD/Unit) Miami Beach, FL 33139
Executive Summary
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!
Property Facts
| Price | $6,879,015 CAD | Building Class | C |
| Price Per Unit | $859,877 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,824 SF |
| No. Units | 8 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1939/1974 |
| Apartment Style | Low-Rise | ||
| Zoning | CD-2, Miami Beach - Allows for a multitude of commercial uses including apartment, hotel and additional uses. | ||
| Price | $6,879,015 CAD |
| Price Per Unit | $859,877 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,824 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/1974 |
| Zoning | CD-2, Miami Beach - Allows for a multitude of commercial uses including apartment, hotel and additional uses. |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 - 600 |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02-3234-011-0070 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,872,835 CAD |
Property Taxes
Parcel Number
02-3234-011-0070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,872,835 CAD
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1335 Drexel Ave
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