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19370 Collins Ave - 12-unit Licensed short-term rental portfolio 13,785 SF Office/Retail Condo Unit Offered at $10,913,920 CAD in Sunny Isles Beach, FL 33160
Investment Highlights
- Ocean and Intracoastal views
- Licensed for AirBnB, VRBO, Booking.com
- Laundry Facility on each floor in Building
- Fully Furnished and equipped 12 units Total of 13,785 sf of rentable area
- All units have assigned parking spaces
- Each unit has full kitchen
Executive Summary
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.
1 Unit Available
Unit 12 Residential Units
| Unit Size | 13,785 SF | Sale Type | Investment |
| Price | $10,913,920 CAD | Cap Rate | 9.98% |
| Price Per SF | $791.72 CAD | NOI | $1,088,663.56 CAD |
| Condo Use | Office/Retail | No. Parking Spaces | 5 |
| Unit Size | 13,785 SF |
| Price | $10,913,920 CAD |
| Price Per SF | $791.72 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 9.98% |
| NOI | $1,088,663.56 CAD |
| No. Parking Spaces | 5 |
Description
Situated within the Ocean Reserve community, these well-appointed condominiums offer a perfect blend of comfort and convenience just steps from Sunny Isles Beach. The residence features a fully equipped kitchen, contemporary finishes, and a spacious living area that opens to a private balcony, allowing for abundant natural light and fresh coastal breezes. Designed for both functionality and relaxation, the units include modern appliances, air conditioning, and ample storage.
Residents of Ocean Reserve enjoy a full suite of resort-style amenities, including a heated swimming pool, tennis courts, fitness center, and 24-hour concierge services. Additional conveniences such as valet parking, an on-site market, and dedicated laundry facilities enhance everyday living. With the building approved for short-term rentals and situated minutes from Aventura Mall, Bal Harbour Shops, and world-class dining, this property blends lifestyle and investment potential in a highly desirable beachfront location.
+22 More
Living Room
Dining
Bedroom
Bedroom
Kitchen/Dining
Bathroom
Bedroom
Bathroom
Bedroom
Dining
Kitchen
Bathroom
Bedroom
Bedroom
Dining
Dining
Interior Photo
Bedroom
Bedroom
Bedroom
Bathroom
Bedroom
Bedroom
Bedroom
Kitchen
Kitchen
Living Room
Property Facts
| Total Building Size | 450,000 SF | Typical Floor Size | 38,359 SF |
| Property Type | Multifamily (Condo) | Year Built | 1972 |
| Property Subtype | Apartment | Lot Size | 5.45 AC |
| Building Class | B | Parking Ratio | 0.01/1,000 SF |
| Floors | 17 | ||
| Zoning | RU-4, Sunny Isles - Florida for high-density apartment houses | ||
| Total Building Size | 450,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 17 |
| Typical Floor Size | 38,359 SF |
| Year Built | 1972 |
| Lot Size | 5.45 AC |
| Parking Ratio | 0.01/1,000 SF |
| Zoning | RU-4, Sunny Isles - Florida for high-density apartment houses |
Amenities
Site Amenities
- Business Center
- Controlled Access
- Fitness Center
- Picnic Area
- Tennis Court
- Cabana
- Grill
- Trash Pickup - Door to Door
- Wi-Fi
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,665 |
| 2+2 | 2 | - | 1,526 - 1,549 |
| 2+1 | 1 | - | 1,005 |
| 1+1.5 | 5 | - | 1,005 - 1,500 |
| 1+1 | 3 | - | 1,005 - 1,500 |
Contact
-
Eugene Noska -
Grand Real Estate Company
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19370 Collins Ave - 12-unit Licensed short-term rental portfolio
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