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Commercial Real Estate

Basics

Description

  • Description:

    The SeaSide Suites are unique in that they offer the investor multiple plays. These include repositioning the property as a Short-Term Rental Hotel, constructing additional units in the rear yard, and raising rents to market prices. The Suites are perennially 100% occupied providing the owner/investor with steady income while new units are constructed or the requirements for Short-Term Rentals are completed.

    Each of the eight Suites has been lovingly restored and meticulously maintained- both inside and out. All Suites contain full kitchens and private baths- all renovated with new central A/C, electrical and plumbing systems, fixtures and finishes, a new roof, and impact windows and doors. Please see attached Offering memorandum for additional information.

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Property details

  • Total Building Area: 4640
  • Number of Buildings: 1
  • Lot Size Square Feet: 5500
  • Parcel Number: 02-32-27-015-0310
  • Possession: Close Of Escrow
  • Lot Size Area: 5500
  • Structure Type: Multi Family

Property Features

  • Security Features: Fenced,Smoke Detector(s)
  • Construction Materials: Block
  • Covered Spaces: 0
  • Flooring: Wood
  • Stories: 2

Location Details

  • County Or Parish: Miami-Dade County
  • Directions: Use NAV or GPS
  • Zoning Description: 3900

Fees & Taxes

  • Tax Annual Amount: 21291
  • Tax Legal Description: GARDEN SUB AMD PL PB 31-9 LOT 5 BLK 4 LOT SIZE 50.000 X 110 OR 16239-3034 0294 4

Miscellaneous

  • Public Survey Section: 27
  • Syndication Remarks: None
  • Gross Scheduled Income: 164400
  • Net Operating Income: 119801

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This -type commercial real estate is located in Harding Ave, Miami Beach, was built in 1938, and is listed at $2,950,000.

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