Commercial Real Estate

Basics

Description

  • Description:

    Sunshine Inn, 16 unit Motel located in the epicenter of Miami. Great opportunity to own and cash flowing business with potential. Due to its proximity to Airport, Coral Gables, Downtown Miami/Brickell, Flagami has become a sought-after neighborhood. Property includes corner parcel, totaling 13,000 sq. ft, zoned T5-O. The property has 100 feet of frontage on West Flagler Street. Rents in the motel range from $75-$99/night, averages $25- $30k/month in income. Just passed 40 Yr. Re-certification.

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Property details

  • Total Building Area: 4124
  • Number of Buildings: 1
  • Lot Size Square Feet: 13000
  • Parcel Number: 01-41-06-022-0040
  • Possession: Closing & Funding
  • Lot Size Acres: 0.29
  • Lot Size Dimensions: 100
  • Lot Size Area: 13000
  • Structure Type: Hotel/Motel

Property Features

  • Parking Features: Common
  • Security Features: Smoke Detector(s)
  • Construction Materials: Block
  • Cooling: Wall/Window Unit(s)
  • Cooling Y/N: 1
  • Covered Spaces: 0
  • Flooring: Tile
  • Heating: Window Unit,Wall Furnace
  • Heating Y/N: 1
  • Sewer: Public Sewer
  • Roof: Other
  • Waterfront Y/N: 0
  • Water Source: Public
  • Stories: 1

Location Details

  • County Or Parish: Miami-Dade County
  • Zoning Description: 6107

Fees & Taxes

  • Tax Annual Amount: 19969
  • Tax Year: 2023
  • Tax Legal Description: 2ND ADDN TO PINEHURST VILLA PB 6-157 LOTS 4 & 5 LESS S10FT LOT SIZE 100.00 X 130.00 OR 12934-1160 0686 1

Miscellaneous

  • Public Survey Township: 1
  • Public Survey Section: 6
  • Syndication Remarks: 16 Unit Motel- Central Location - 8%+ Cap Rate - Passed 40 Year Re-certification - Great opportunity
  • Gross Scheduled Income: 325764
  • Net Operating Income: 210488

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This -type commercial real estate is located in Miami, was built in 1953, and is listed at $2,600,000.

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