19370 Collins Ave - Apartments CONDO FOR SALE


Sunny Isles Beach, FL 33160
$8,000,000 USD
19370 Collins Ave, Sunny Isles Beach, FL for Sale
$8,000,000 USD
Apartments CONDO - FOR SALE
1/45
null | 9.98% Cap Rate

19370 Collins Ave
Sunny Isles Beach, FL 33160


HIGHLIGHTS

  • Ocean and Intracoastal views
  • Fully Furnished and equipped 12 units Total of 13,785 sf of rentable area
  • Licensed for AirBnB, VRBO, Booking.com
  • All units have assigned parking spaces
  • Laundry Facility on each floor in Building
  • Each unit has full kitchen

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$580 USD /SF

CAP RATE

9.98%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-unit Licensed short-term rental portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

450,000 SF

STORIES

17

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

5.45 AC

LAND SF

237,402 SF

ZONING

RU-4, Sunny Isles

APN/PARCEL ID

31-2202-048-0010,31-2202-048-0050,31-2202-048-0230,31-2202-048-0280,31-2202-048-0320,31-2202-048-0350,31-2202-048-0410,31-2202-048-0680,31-2202-048-0880,31-2202-048-0910,31-2202-048-1130,31-2202-048-1140,31-2202-048-1150,31-2202-048-1430,31-2202-048-1510,31-2202-048-1690,31-2202-048-1710,31-2202-048-1810,31-2202-048-1870,31-2202-048-1880,31-2202-048-2060,31-2202-048-2150,31-2202-048-2200,31-2202-048-2410,31-2202-048-2430,31-2202-048-2690,31-2202-048-2810,31-2202-048-2820,31-2202-048-2830,31-2202-048-2930,31-2202-048-3130,31-2202-048-3170,31-2202-048-3500,31-2202-048-3560,31-2202-048-3600,31-2202-048-3670,31-2202-048-3700,31-2202-048-3710,31-2202-048-3760,31-2202-048-3880

ASK ABOUT THIS PROPERTY

Eugene NoskaGrand Real Estate CompanyMore Info

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Eugene NoskaGrand Real Estate CompanyMore Info

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