Commercial Real Estate in Miami available for sale
Miami Airbnb Properties For Sale

Airbnb Properties for Sale in Miami, FL, USA

More details for 1254 SW 2nd St, Miami, FL - Multifamily for Sale

Havana Flats - 1254 SW 2nd St

Miami, FL 33135

  • Airbnb Property
  • Multifamily for Sale
  • $9,579,428 CAD
  • 13,000 SF
  • Air Conditioning
  • 24 Hour Access
  • Smoke Detector

Miami Multifamily for Sale

A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily building now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental. 12 Avenue is a commercial artery that offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Since its inception in the late 1800's, Little Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. Inflation proof assets like multifamily are scarce, in times of economic uncertainty, real estate is the most secure way to guarantee your financial future.

Contact:

Fausto Commercial Realty Consultants

Property Subtype:

Apartment

Date on Market:

2025-12-13

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More details for 1355-1357 Drexel Ave, Miami Beach, FL - Multifamily for Sale

1355-1357 Drexel Ave

Miami Beach, FL 33139

  • Airbnb Property
  • Multifamily for Sale
  • $9,921,552 CAD
  • 6,200 SF
  • Air Conditioning
  • 24 Hour Access
  • Kitchen

Miami Beach Multifamily for Sale

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.

Contact:

Compass Florida LLC

Property Subtype:

Apartment

Date on Market:

2025-12-10

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More details for 801-815 Alton Rd, Miami Beach, FL - Multifamily for Sale

Alton Suites - 801-815 Alton Rd

Miami Beach, FL 33139

  • Airbnb Property
  • Multifamily for Sale
  • $9,237,307 CAD
  • 14,518 SF
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More details for 8270-8280 NE 1st Pl, Miami, FL - Multifamily for Sale

Designer Rental Compound - 8270-8280 NE 1st Pl

Miami, FL 33138

  • Airbnb Property
  • Multifamily for Sale
  • $3,824,929 CAD
  • 3,271 SF

Miami Multifamily for Sale

THE ALPHA COMMERCIAL ADVISORS™ PRESENTS AN EXTREMELY VERSATILE TURN-KEY ASSEMBLAGE IN THE HEART OF LITTLE RIVER’S EVOLUTION; WHERE DESIGN, DINING & RE-DEVELOPMENT CONVERGE. This meticulously maintained two-parcel rental compound is desirably situated adjacent The Citadel, offering a beautifully re-imagined 4-plex + single-family residence each delivered fully-renovated, designer-furnished, and ready for immediate use. With underlying T5-O commercial zoning, this opportunity provides rare optionality for maximizing investment potential, appealing to: --Multi-family investors & short-term rental operators seeking a plug-and-play rental hub in the most walkable pocket to F&B and retail. --Boutique hotel / hospitality groups envisioning a creative adaptive-reuse retreat framed by lush landscaping and curated interiors. --Specialty-use or institutional operators (school, wellness, design collective, etc.) seeking beautiful grounds and multiple structures ready for immediate occupancy. --Bullish covered-land buyers holding for future redevelopment—by-right potential for 19 units / 5 stories, or up to 292 units / 8–12 stories under Live Local Act incentives. INVESTMENT HIGHLIGHTS --Turn-Key Income Producer: Fully renovated with cohesive, high-end designer-curated interiors that command premium rates—ideal for immediate operation as Airbnb, boutique hospitality, or long-term rentals. --Operational Versatility: Dual-structure configuration allows income diversification via office or creative use within the SFR alongside income generation from the modernized 4-plex, supporting multiple investment approaches. --Prime Walkable Location: Steps from The Citadel–the culinary anchor of Little River– and surrounded by cafés, cultural establishments, art studios, chef-owned restaurants, and neighborhood retail. --Flexible Zoning & Future Development Upside: With T5-O zoning, Opportunity Zone benefits, and Live Local Act eligibility, the assemblage offers exceptional flexibility for future redevelopment and long-term value momentum. ZONING Located within a burgeoning section of Little River, the subject assemblage is zoned T5-O allowing for a diverse mix of multifamily, mixed-use, and commercial uses. Critically, the property sits directly along the border of the T6-8-O zoning district—one of the most sought-after designations in Miami’s urban core. This adjacency places the site in immediate proximity to multiple large-scale projects slated for delivery in the coming cycles, positioning the site at the leading edge of Little River’s next development wave. PROPERTY OVERVIEW Step into a pristine, design-driven compound where renovated interiors, cohesive styling, and modern aesthetics create an elevated, ready-to-operate experience. While presently operated as a high-performing short-term rental, the compound’s configuration allows for smooth adaptation to a variety of end-user scenarios such as boutique educational uses, wellness concepts, creative workspaces, sales gallery or other specialty operators. The fourplex features three (3) 2-bedroom / 1-bath units and one sizable (1) 1-BR / 1-Bath unit, each showcasing its own unique design theme, and beautifully restored with high-end finishes and meticulous design details. PROPERTY HIGHLIGHTS --Two modern, meticulously maintained buildings --Four fully furnished units with upscale finishes and unique design themes --Granite countertops, stainless steel appliances, in-unit laundry --Fourplex equipped with new mini-splits & SFR features central AC --Impact windows and doors throughout --Fully gated properties with updated exterior lighting --Professionally landscaped grounds with furnished outdoor areas --Ample onsite parking and nearby public parking lot

Contact:

The Alpha Commercial

Property Subtype:

Apartment

Date on Market:

2025-11-20

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More details for 1018 Jefferson Ave, Miami Beach, FL - Hospitality for Sale

Bank Owned – Upside Potential Hotel/STR - 1018 Jefferson Ave

Miami Beach, FL 33139

  • Airbnb Property
  • Hospitality for Sale
  • $3,968,621 CAD
  • 4,689 SF
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More details for 8100 Harding Ave, Miami Beach, FL - Multifamily for Sale

Beachside Apartment Hotel - 8100 - 8100 Harding Ave

Miami Beach, FL 33141

  • Airbnb Property
  • Multifamily for Sale
  • $4,981,304 CAD
  • 9,338 SF

Miami Beach Multifamily for Sale

The Beachside Apartment Hotel is a luxury apartment-style boutique hotel, located in the North Beach section of Miami Beach. The property offers guests fully furnished studio and one-bedroom apartments with fully equipped kitchens just steps from the Atlantic Ocean. The Beachside is a 14-unit Art Deco apartment building that has operated as a boutique hotel for the last 10 years. The property is ideally located on Harding Avenue (A1A) in the North Beach area of Miami Beach and is one of a handful of properties in the North Beach market that has the proper location to legally operate as a short-term rental property. The property was built in 1954 and was renovated in 2015 to be operated as short term rental building. It sits on a corner lot that is approximately .19 acres and is zoned RM-1. The building has gone through a number of upgrades under the current ownership. The units have been updated with new kitchens and bathrooms, tile floors, impact windows, new railings and the common area landscaping has been updated. There is a lushly landscaped courtyard with multiple sitting areas with secured entrances as well as on site laundry facilities for guests. The most recent recertification was completed in 2023. The North Beach area of Miami Beach is known for its more laid-back, local and community-focused atmosphere. The Beachside Apartment Hotel is ideally located in the heart of North Beach fronting on Harding Avenue one block from the Atlantic Ocean and Altos Del Mar Park. Beachside Apartment Hotel is located a short distance from world class shopping such as Bal Harbor Shops, excellent restaurants and bars are also walking distance. The North Beach market is in the process of revitalization and growth with the implementation of the Town Center District which spans from 69th Street, north to 72nd Street and from Collins Avenue to the Indian Creek Waterway. The district has a high-density zoning with increased height restrictions which vary depending on the zone. There are a number of projects in various stages of development with several projects already being developed. There are several other projects in the area that are underway including Ocean Terrace Residence on Ocean Terrace, updating the North Beach Oceanside Park and Ocean Terrace Park. The property also sits just south of Surfside and Bal Harbour. An investor has the opportunity to purchase an existing boutique hotel or convert the property to long term rentals and rent as either furnished or unfurnished units.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2025-11-06

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More details for 7910 Byron Ave, Miami Beach, FL - Multifamily for Sale

7910 Byron Ave

Miami Beach, FL 33141

  • Airbnb Property
  • Multifamily for Sale
  • $2,600,131 CAD
  • 3,040 SF
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More details for 1440 Pennsylvania Ave, Miami Beach, FL - Multifamily for Sale

Hispaniola House - 1440 Pennsylvania Ave

Miami Beach, FL 33139

  • Airbnb Property
  • Multifamily for Sale
  • $3,147,527 CAD
  • 4,903 SF

Miami Beach Multifamily for Sale

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1440 Pennsylvania Avenue in Miami Beach, FL (the “Property”). The two-story building contains four (4) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units, with 4,331 square feet of gross living area and 4,903 square feet of gross area. The Property is situated upon a 0.09- acre parcel and offers street parking. 1440 Pennsylvania Avenue is ideally situated in the heart of South Beach, just steps from Lincoln Road, Ocean Drive, and Miami Beach’s world-famous shoreline. The property benefits from strong pedestrian and vehicle visibility, with immediate access to surrounding retail, dining, hospitality, and entertainment amenities that define the area’s dynamic lifestyle. UNIQUE MULTI-USE OPPORTUNITY – MIAMI BEACH This property presents a rare combination of current income and future flexibility. It is presently leased and operated as a multifamily rental, generating stable returns. However, what sets this building apart is its ability “as-of-right” to operate as a licensed short-term rental property in Miami Beach. Given the city’s restrictive short-term rental policies, very few properties qualify for this use without the need for variances or special approvals. This flexibility allows an investor to continue benefitting from reliable multifamily income today, while retaining the option to reposition the asset into a higher-yield short-term rental operation. This dual-use potential makes the property an exceptional investment opportunity—balancing steady cash flow with the upside of a rare and highly sought-after use category in Miami Beach. 4

Contact:

Horvath & Tremblay

Property Subtype:

Apartment

Date on Market:

2025-10-17

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More details for 1370 SW 5th St, Miami, FL - Multifamily for Sale

"CASA CINCO" - 1370 SW 5th St

Miami, FL 33135

  • Airbnb Property
  • Multifamily for Sale
  • $1,502,602 CAD
  • 1,770 SF
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More details for 260 Collins Ave, Miami Beach, FL - Multifamily for Sale

South of Fifth 5-Unit Package at Villa Sofia - 260 Collins Ave

Miami Beach, FL 33139

  • Airbnb Property
  • Multifamily for Sale
  • $4,652,228 CAD
  • 23,260 SF
  • Air Conditioning
  • Security System
  • Private Bathroom
  • 24 Hour Access
  • Fitness Center
  • Controlled Access
  • Kitchen
  • Pool

Miami Beach Multifamily for Sale

South of Fifth Luxury Condo Investment – 5-Unit Portfolio in Villa Sofia Presenting an exclusive opportunity to acquire a portfolio of five 1-bedroom residences in Villa Sofia, a one-of-a-kind luxury boutique condominium in Miami Beach’s most prestigious neighborhood, South of Fifth. About Villa Sofia Originally a Miami Beach landmark since 1959, Villa Sofia was completely rebuilt in 2018 and is now being reimagined into a modern luxury condominium with world-class amenities - Delivery scheduled for 2nd half of 2026. NO Rental Restrictions - Perfect for short term rentals with very little competition in ultra-desirable South of Fifth. -Rooftop pool with ocean views -Outdoor gym, bar, and gazebo lounge -Secure entry and boutique building charm -Steps from the beach, fine dining, and nightlife With no rental restrictions, owners have complete flexibility—live in your residence, rent it short-term yourself, or partner with a professional management company for turnkey income. Investment Package Highlights 5 Residences Total – 3 second-floor 1-bed/1-bath units (435 SF each) and 2 first-floor 1-bed/1-bath units with private balconies (444 SF interior + 69 SF balcony each) Total Interior Area: 2,193 SF | Total Balcony: 138 SF Projected Gross Annual Revenue: $343,366 Projected Gross Return: 10.10% Projected Net Operating Income: $255,471 Projected Net Return: ~7.5% (after HOA, taxes, insurance) Occupancy Rate (Pro Forma): 89% Average Daily Rates: $201 (no balcony), $227 (balcony) Package Price: $3,399,534 Why This Portfolio Works: Location Premium – South of Fifth commands some of Miami’s highest rental rates and strongest appreciation trends. Turnkey Like-New Construction – Fully renovated residences in a boutique luxury setting. Income & Flexibility – No rental restrictions means maximizing yield with short-term or seasonal rentals. Portfolio Advantage – Capture immediate cash flow plus long-term upside from property appreciation in one of Miami Beach’s most supply-constrained neighborhoods. Opportunities like this—brand-new condo product in South of Fifth with projected double-digit gross returns—are rare and highly sought after. For full financials, floor plans, and investment package details, contact: Zach Joslin at 561-222-5240/zach@brissigroup.com or Ben Brissi at 561-870-2211/ben@brissigroup.com

Contact:

EWM Realty International

Property Subtype:

Apartment

Date on Market:

2025-08-13

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More details for 740 SW 9th St, Miami, FL - Multifamily for Sale

740 SW 9th St

Miami, FL 33130

  • Airbnb Property
  • Multifamily for Sale
  • $2,189,584 CAD
  • 2,305 SF
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More details for 400 NE 36th St, Miami, FL - Land for Sale

High Exposure Edgewater Land - 400 NE 36th St

Miami, FL 33137

  • Airbnb Property
  • Land for Sale
  • $5,335,742 CAD
  • 0.15 AC Lot
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More details for 852 Collins Ave, Miami Beach, FL - Hospitality for Sale

852 Collins Miami Beach - 852 Collins Ave

Miami Beach, FL 33139

  • Airbnb Property
  • Hospitality for Sale
  • $10,263,675 CAD
  • 10,679 SF
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More details for 1527 NW 2nd St, Miami, FL - Land for Sale

LOT WITH ENTITLEMENTS NEARING FINAL APPROVAL - 1527 NW 2nd St

Miami, FL 33125

  • Airbnb Property
  • Land for Sale
  • $1,505,339 CAD
  • 0.16 AC Lot
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More details for 98 NW 47th Ave, Miami, FL - Multifamily for Sale

98 NW 47th Ave - 98 NW 47th Ave

Miami, FL 33126

  • Airbnb Property
  • Multifamily for Sale
  • $1,505,339 CAD
  • 5,437 SF
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More details for 5898 NE 4th Ct, Miami, FL - Multifamily for Sale

Strategic Covered Land Play, 4Plex w/ Re-Dev - 5898 NE 4th Ct

Miami, FL 33137

  • Airbnb Property
  • Multifamily for Sale
  • $1,710,612 CAD
  • 2,674 SF
  • Air Conditioning

Miami Multifamily for Sale - Biscayne Corridor

The Alpha Commercial is pleased to present a prime redevelopment opportunity in one of Miami’s most rapidly evolving corridors. Located at the crossroads of Buena Vista, Upper Eastside, MiMo, and Little Haiti, the property sits in the direct path of transformation, benefiting from ongoing investment and surging demand. Zoned for future redevelopment, the site allows for up to 5 stories and 12 units—tripling its current density and positioning it as a strategic long-term hold in a high-growth market. A walker's paradise, the property is steps from some of the area’s most sought-after retail and dining hotspots, including Chica, Crema Cafe, Sushi Sake, and Flora Plant Kitchen. Its prime location, adjacent to Magic City and the newly completed Boulevard project, offers unmatched visibility and connectivity, enhancing both tenant appeal and future development potential. Currently fully occupied and generating stable income, the asset presents an immediate value-add opportunity through targeted interior upgrades, including bathroom renovations and appliance enhancements. With Miami’s short-term rental market booming, investors can capitalize on strong Airbnb-style returns while benefiting from long-term appreciation in one of the city’s most dynamic neighborhoods. NOTE: The property is currently leased at below-market rents for the traditional tenants with 2 of the 4 units leased to Section 8 tenants. Pro-forma income is $80,177 which takes into account estimated re-assessed taxes, and rent increases to an average of $3.52/Sq. Ft. (a conservative and very do-able figure for a building of this condition in this highly-walkable Eastern location). This would put the buyer at a 6.41% CAP at the current asking price, and would not require additional capX. From there, the play would be hold the asset and re-develop or sell to a developer down the road, as this area continues to evolve, to maximize the zoning rights for up to 12 units and 5 stories. As proof of value for re-development, a 13,347 SF vacant land parcel 2 doors down at 454 NE 58 ST just sold for $2,000,000.

Contact:

The Alpha Commercial

Property Subtype:

Apartment

Date on Market:

2025-03-27

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More details for 124 11th St, Miami Beach, FL - Hospitality for Sale

Modern Mansion of Miami - 124 11th St

Miami Beach, FL 33139

  • Airbnb Property
  • Hospitality for Sale
  • $27,232,951 CAD
  • 3,438 SF
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More details for 2311-2325 NW 22nd Ave, Miami, FL - Multifamily for Sale

Allapattah 23 - 2311-2325 NW 22nd Ave

Miami, FL 33142

  • Airbnb Property
  • Multifamily for Sale
  • $15,053,388 CAD
  • 39,855 SF
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More details for 1446 Ocean Drive #1 & 2, Miami Beach, FL - Retail for Sale

1446 Ocean Drive #1 & 2

Miami Beach, FL 33139

  • Airbnb Property
  • Office/Retail for Sale
  • $2,189,584 CAD
  • 800 SF
  • 1 Unit Available
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More details for 29 NW 28th St, Miami, FL - Land for Sale

Wynwood Development Site - 29 NW 28th St

Miami, FL 33127

  • Airbnb Property
  • Land for Sale
  • $4,789,715 CAD
  • 0.16 AC Lot

Miami Land for Sale - Wynwood-Design District

Wynwood's Northeast quadrant development site is for sale with pre-approved plans featuring a boutique eighth-story mixed-use project in the heart of Miami's iconic Wynwood. The property is posed for developing a high-end boutique mix-use building. Ownership has created modern plans featuring 35 luxury residential units, with ground-floor mezzanine-level F&B space and rooftop lounge or wellness space. The Seller has strategically value-engineered the project for an efficient construction cost and has expedited the entitlement process over the past two years with the City of Miami. Located within the highly coveted NRD-1 zoning overlay, The Development site at 29 NW 28 Street benefits from proximity to world-class cultural, culinary, and nightlife destinations. The property sits amidst a dynamic roster of neighboring developments by industry leaders such as Related Group, Lennar, and Kushner companies. The location provides unparalleled access to major transportation arteries, public transit, and a thriving hospitality and retail ecosystem with strong market fundamentals. The property allows for flexible uses, including residential, hospitality, office, retail, or mixed-use. With entitlements for an eight-story building plus bonus height available, developers can tailor the project to capitalize on Wynwood's rapid growth and demand for premium spaces.

Contact:

Gridline Properties

Property Subtype:

Commercial

Date on Market:

2024-06-07

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More details for 7936 Harding Ave, Miami Beach, FL - Multifamily for Sale

The SeaSide Suites Miami Beach - 7936 Harding Ave

Miami Beach, FL 33141

  • Airbnb Property
  • Multifamily for Sale
  • $3,284,376 CAD
  • 4,864 SF
  • Air Conditioning
  • Bicycle Storage
  • Controlled Access

Miami Beach Multifamily for Sale

The SeaSide Suites are unique because they offer the investor multiple plays. These include repositioning the property as a Short-Term Rental Hotel, constructing additional units in the rear yard, and/or raising rents to market prices. The Suites are perennially 100% occupied providing the owner/investor with steady income while new units are constructed or the requirements for Short-Term Rentals are completed. Each of the eight Suites has been lovingly restored and meticulously maintained- both inside and out. All Suites contain full kitchens and private baths- all renovated with new central A/C, electrical and plumbing systems, fixtures and finishes, a new roof, and impact windows and doors. The Seaside Suites boast a spectacular location in Miami Beach just one block from the North Shore Open Space Park (36 acres) and one of the world’s most famous beaches. It lies tucked in a quiet residential neighborhood that is just three blocks from the commercial center of North Beach. Suite Hotels have become the “go-to” destinations for vacationers, business travelers, and those seeking a non-traditional hotel experience. Seaside Suites are located within the Harding Avenue Overlay District (Route 1) permitting Short Term Rentals and offers eight stand-alone Suites. This is a truly turn-key asset with minimal improvements required for Hotel status. See attached OM for additional information.

Contact:

Keyes Commercial Real Estate

Property Subtype:

Apartment

Date on Market:

2024-12-10

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More details for 769 NW 10th St, Miami, FL - Multifamily for Sale

MIAMI RIVER - T6-8 O - MULTIFAMILY - 769 NW 10th St

Miami, FL 33136

  • Airbnb Property
  • Multifamily for Sale
  • $1,628,503 CAD
  • 3,612 SF
  • Air Conditioning

Miami Multifamily for Sale

Discover an exceptional investment opportunity in the heart of Miami's thriving Riverside neighborhood. This charming multifamily property boasts T6-8-O zoning, offering incredible development potential alongside immediate cash flow. Property Highlights: Unit Breakdown: A 3-bedroom single-family home , 3x 2-bedroom units and 1 x 1 bedroom unit. Totaling 10 bedrooms 5 bathrooms. Current Operation: Mix of short term and Long-term tenants, projecting over $10,000 per month / $120,000 annually in gross rental income. Zoning: T6-8-O, allowing for potential redevelopment or assemblage with adjacent properties. Valuation: Property appraised at $1.4M in January 2025. PROPERTY PREVIOUSLY OPERATED AS SHORT TERM RENTAL. NUMBERS REFLECTING 2024 AIRBNB OPERATIONS. Prime Location: Nestled in Miami’s vibrant Riverside neighborhood, this property offers easy access to Wynwood, Brickell, Little Havana, and the Design District, with Miami International Airport and Port of Miami just minutes away. Walking distance to the Health District and close to major highways, it's ideally positioned for both residents and future development. Investment Appeal: This property provides stable and predictable income through its long-term tenant base while offering strong upside potential through zoning and redevelopment opportunities. With Riverside’s ongoing gentrification and its vibrant mix of high-end restaurants, luxury developments, and cultural landmarks, this asset presents a rare opportunity for investors seeking both stability and growth.

Contact:

Keller Williams Capital Realty

Property Subtype:

Apartment

Date on Market:

2024-12-07

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More details for 235 77th St, Miami Beach, FL - Multifamily for Sale

Malibu House - 235 77th St

Miami Beach, FL 33141

  • Airbnb Property
  • Multifamily for Sale
  • $2,463,282 CAD
  • 3,520 SF
  • Air Conditioning

Miami Beach Multifamily for Sale

Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Malibu House apartments, a true value-add repositioning property located at 235 77th Street in North Beach just one block away from the Ocean Terrace Beach. The property sits directly on 77th Street and is located between Harding Avenue and Collins Avenue. The existing unit mix features four (4) studios and four (4) 1 bedroom / 2 bathroom units in a 2-story building with 3,520 square feet. Malibu House is centrally situated in North Beach just one block away from Ocean Terrace Beach with close proximity to many of the area’s parks, beaches, restaurants, shops and resorts. Malibu House is an ideal investment for investors to capitalize on a true value-add deal in a strong, high barrier to entry market with significant upside potential through a couple of different investment strategies. Current ownership has in-place plans to reposition the four (4) 1-bedroom / 2-bathroom units into an additional four (4) units with 1 bathroom. Repositioning the building into 12 units at market rents will significantly increase the income on the property, therefore increasing value for the investor. The second value-add strategy is to reposition the building into short-term rental operations. Malibu House is a contributing property in the North Shore Historic District and located within the Limited Short-Term Permitted Zone of North Beach: Sec. 1420-1111 (d), therefore allowing the short-term rental use.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2024-12-06

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More details for 235 78th St, Miami Beach, FL - Multifamily for Sale

The Jerrico Apts: A Story to be Continued - 235 78th St

Miami Beach, FL 33141

  • Airbnb Property
  • Multifamily for Sale
  • $11,632,165 CAD
  • 17,914 SF
  • 24 Hour Access
  • Kitchen
  • Smoke Detector

Miami Beach Multifamily for Sale

The Jerrico Apts Hotel, designed by the visionary architect Tony M. Sherman in 1951, stands as a striking example of Miami Modern (MiMo) architecture, offering a unique blend of clean lines, geometric shapes, and vibrant colors. Located on 78th Street, this 25-unit historic gem has witnessed decades of history, from its vibrant beginnings in the golden age of Miami Beach to the present day, where it awaits a new chapter. Recently, the 10-year recertification was completed in 2025, ensuring the building's continued structural integrity. The tenants are on month-to-month leases, allowing for the flexibility to adjust rents to competitive market rates. With twenty 1-bedroom units, many offering flex space, and six studios, there’s tremendous potential to transform the property into a thriving boutique hotel or flexible residential rentals. The Jerrico Apts is not just a property; it's a piece of Miami Beach's rich history, offering the opportunity to blend the past with modern luxury. Enhancements, including window and door replacements, short-term rental-compliant AC units, and electrical upgrades, have already been completed with city permits. The North Beach area, home to the Jerrico Apts, is undergoing a revitalization, spurred by the North Beach Community Redevelopment Agency, promising a wave of new development and infrastructure improvements. With Miami Beach offering tax incentives for historic preservation and the area primed for growth, this is a rare opportunity to own a piece of a beloved landmark in an emerging neighborhood.

Contact:

Fausto Commercial Realty Consultants

Property Subtype:

Apartment

Date on Market:

2024-02-07

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