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1355-1357 Drexel Ave 10 Unit Apartment Building $9,997,242 CAD ($999,724 CAD/Unit) Miami Beach, FL 33139
INVESTMENT HIGHLIGHTS
- Fully licensed and legally operating 18-unit short-term rental property in Miami Beach
- Prime Flamingo/Lummus location steps from the beach, Ocean Drive, and Collins Ave
- Extremely limited supply of compliant STR properties due to strict city regulations
- Turnkey asset delivered fully furnished with immediate, stabilized cash flow
- High occupancy and strong ADR performance supported by year-round tourism demand
- Modernized suites with full kitchens and on-site laundry, enabling efficient operations and guest satisfaction
EXECUTIVE SUMMARY
The Porosoff Group is pleased to exclusively present 1355 Drexel Avenue, an exceptionally rare opportunity to acquire a fully licensed, turnkey 18-unit short-term rental property
in the heart of Miami Beach—one of the most supply-constrained and tightly regulated short-term rental environments in the United States.
Strategically located just steps from Ocean Drive, Collins Avenue, and Lincoln Road, the property offers unparalleled access to Miami Beach’s premier dining, entertainment, and
beachfront destinations. Legal short-term rental zoning, combined with the property’s strong operational track record, positions 1355 Drexel as a secure and scalable investment
in a market where compliant STR assets are exceedingly scarce.
The property features 18 modernized suites, each equipped with full kitchens, in-unit or onsite laundry, Wi-Fi/cable, and contemporary interior finishes that cater to the expectations of today’s short-term guest. The building has been consistently maintained and designed for efficient remote or on-site management, contributing to stable year-round occupancy and above-market ADRs.
With regulatory barriers preventing new STR supply and Miami Beach tourism demand continuing to rise, 1355 Drexel Ave offers investors a durable, high-yield cash flow
opportunity with strong intrinsic real estate fundamentals.
in the heart of Miami Beach—one of the most supply-constrained and tightly regulated short-term rental environments in the United States.
Strategically located just steps from Ocean Drive, Collins Avenue, and Lincoln Road, the property offers unparalleled access to Miami Beach’s premier dining, entertainment, and
beachfront destinations. Legal short-term rental zoning, combined with the property’s strong operational track record, positions 1355 Drexel as a secure and scalable investment
in a market where compliant STR assets are exceedingly scarce.
The property features 18 modernized suites, each equipped with full kitchens, in-unit or onsite laundry, Wi-Fi/cable, and contemporary interior finishes that cater to the expectations of today’s short-term guest. The building has been consistently maintained and designed for efficient remote or on-site management, contributing to stable year-round occupancy and above-market ADRs.
With regulatory barriers preventing new STR supply and Miami Beach tourism demand continuing to rise, 1355 Drexel Ave offers investors a durable, high-yield cash flow
opportunity with strong intrinsic real estate fundamentals.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $9,997,242 CAD | Building Class | B |
| Price Per Unit | $999,724 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,200 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1935 |
| Apartment Style | Low-Rise | ||
| Zoning | CD-2 | ||
| Price | $9,997,242 CAD |
| Price Per Unit | $999,724 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 6,200 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | CD-2 |
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Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (77)
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1355-1357 Drexel Ave
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