801-815 Alton Rd - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$6,750,000 USD
305-209-8866
801-815 Alton Rd, Miami Beach, FL for Sale
$6,750,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

801-815 Alton Rd
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Turnkey 20-unit hospitality / short-term rental property in a high-demand Miami Beach corridor
  • Prime Alton Road frontage with strong visibility, walkability, and access to major retail anchors
  • Renovated, fully furnished units with modern interiors, full kitchens or kitchenettes, and on-site laundry
  • Consistently strong occupancy and ADR performance, supported by both leisure and business travel demand
  • Surrounded by major redevelopment activity, enhancing long-term land value and future repositioning potential
  • Flexible operational model suitable for nightly STR, extended stays, corporate housing, or hybrid use

OVERVIEW

The Porosoff Group is pleased to exclusively present 807 Alton Road, a 20-unit hospitality asset located along one of Miami Beach’s most dynamic and rapidly transforming commercial corridors. Positioned on Alton Road between 8th and 9th Street, the property offers exceptional visibility, walkability, and demand drivers, making it an ideal opportunity for investors seeking a stabilized cash-flowing short-term rental asset or a flexible hospitality operation with long-term upside. The property features 20 renovated, fully furnished units, each designed with modern interiors, efficient layouts, and guest-friendly amenities including full kitchens or kitchenettes, Wi-Fi, and on-site laundry. Its central location provides immediate access to Whole Foods, Publix, Flamingo Park, South of Fifth, and Miami Beach’s premier retail and dining destinations. With strong year-round occupancy, reliable ADR performance, and proximity to billions of dollars in new development along the Alton Road corridor, 807 Alton Road represents a rare opportunity to acquire a turnkey hospitality property in a high-growth submarket with significant future upside, both operationally and through potential redevelopment.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

20

PRICE/UNIT

$337,500

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alton Suites

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CD2

APN/PARCEL ID

02-4203-014-0380

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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