Description

6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 square feet each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel. With zoning already approved by the City of Miami Beach, 6881 Indian Creek is an ideal location for an investor looking to get into the profitable short-term rental business in a booming market. With the completion of the newly renovated Miami Beach convention center along with the North Beach Town Center, an investor can easily achieve an ADR of $115 a room once converted to short-term rentals.

Details

MLS#A10818424
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1939
Days On Site377

Features

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Area Information
StateFL
CountyMiami-Dade County
CityMiami Beach
Zip Code33141
Area32
Listing VS Median (in 33141)
Price:
$5,195,000
low | high
Med:
$174,900
100% of Average
On Site:
377
low | high
Med:
5
100% of Average
Listing Updated: February 23, 2021 7:49:59 PM PST
Mikael Hamaoui LogoMLS Number: A10818424
Listing Provided By:
Mikael Hamaoui  of  Riviera Horizons LLC
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