This offering presents a rare opportunity to acquire a fully licensed, short-term rental portfolio comprising 12 units in the highly desirable Sunny Isles Beach, Florida. Situated within a multifamily 420-unit building, this portfolio is fully operational and currently licensed for AirBnB, VRBO, and Booking.com. All units are furnished and equipped, allowing for immediate income generation, with reported occupancy averaging approximately 94%.
The portfolio features a mix of one- and two-bedroom units, each with its own parking space and full kitchen. On-site amenities include 24-hour concierge service, valet, heated pool, tennis courts, gym, mini-market, hair salon, and laundry facilities on every floor. Cable, internet, air conditioning, and essential utilities are included in maintenance fees.
This asset benefits from its prime location across from the Atlantic Ocean, offering both ocean and Intracoastal views. The building is undergoing exterior renovations, enhancing long-term value, with special assessments covered by the seller at closing. With NOI around $798,000 and an attractive 9.73% cap rate, this portfolio presents a strong cash-flow investment and future appreciation potential in one of South Florida’s most vibrant tourism markets.