1335 Drexel Ave - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$4,950,000 USD
305-915-4854
1335 Drexel Ave, Miami Beach, FL for Sale
$4,950,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

1335 Drexel Ave
Miami Beach, FL 33139
Flamingo


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$1,026 USD /SF

# OF UNITS

8

PRICE/UNIT

$618,750

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CD-2, Miami Beach

APN/PARCEL ID

02-3234-011-0070

ASK ABOUT THIS PROPERTY

Marion OttDouglas EllimanMore Info
305-915-4854

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Marion OttDouglas EllimanMore Info
305-915-4854

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.