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High-Yield Short-Term Rental Package 2 Multifamily Properties Offered at $2,492,275 CAD in Miami, FL
Investment Highlights
- Combined NOI of $144,123.00 across two distinct submarkets.
- Legal duplex designations and favorable zoning (T4-L/T4-R) support both lodging and residential use.
- Immediate access to the Design District's luxury retail and the Little River/Magic City innovation hub.
- Both assets feature updated interiors and premium outdoor amenities (pool), minimizing immediate CAPEX.
Executive Summary
This portfolio offering comprises two stabilized, income-producing assets strategically located within Miami’s most aggressive growth corridors. Both properties are fully remodeled and currently operating as high-performing Airbnb rentals, collectively generating a Total Net Operating Income (NOI) of $144,123.00. Positioned near the Miami Design District, Biscayne Boulevard, and the Little River/Magic City development zone, these assets capture a mix of luxury tourism demand and long-term urban appreciation.
Both properties retain their status as legal duplexes, providing an essential "pivot" strategy for the investor. While they currently maximize yield through a short-term rental model, the underlying T4-L and T4-R zoning allows for a seamless transition back to multi-family residential use or higher-density redevelopment. This dual-layer value proposition combines immediate cash flow with a sophisticated land-banking play in a supply-constrained market.
Both properties retain their status as legal duplexes, providing an essential "pivot" strategy for the investor. While they currently maximize yield through a short-term rental model, the underlying T4-L and T4-R zoning allows for a seamless transition back to multi-family residential use or higher-density redevelopment. This dual-layer value proposition combines immediate cash flow with a sophisticated land-banking play in a supply-constrained market.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $2,492,275 CAD | Number of Properties | 2 |
| Price / SF | $802.41 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.90% | Total Building Size | 3,106 SF |
| Sale Type | Investment | Total Land Area | 0.33 AC |
| Status | Active |
| Price | $2,492,275 CAD |
| Price / SF | $802.41 CAD / SF |
| Cap Rate | 7.90% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,106 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 473 NE 61st St, Miami, FL 33137 | Multifamily | 1,789 SF | 1925 | - |
|
Bohemian Bungalow with a Pool
7 50 St, Miami, FL 33137 |
Multifamily | 1,317 SF | 1951 | - |
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High-Yield Short-Term Rental Package
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