This rare North Beach hospitality compound presents a highly compelling opportunity for investors seeking predictable income and long-term upside in the heart of Miami Beach. The property includes 25 operational units with a blend of 12 hotel-style apartments and 13 residences, delivering over $1M in gross annual revenue and a 5.13% cap rate under current operations. Set across three renovated two-story towers, the grounds feature designer-finished interiors with quartz counters, rainfall showers, and smart entry systems, complemented by full kitchens in each unit. Resident and guest amenities include a resort-inspired pool deck, fitness center, game room, and tropical landscaped courtyards—features that distinguish this property within North Beach’s competitive short-term rental environment.
Strategically positioned just three blocks from the Atlantic Ocean and one block west of Collins Avenue, the location benefits from high tourist traffic and the growing appeal of North Beach as a lifestyle destination. Miami Beach’s stringent short-term rental licensing enhances barriers to entry, providing a structural moat for existing operators. With strong cash flow, projected levered IRR exceeding 10%, and multiple exit strategies—including hold, redevelop, rebrand, or resale—this asset delivers both present-day performance and future scalability in one of South Florida’s most resilient hospitality markets.