$5,195,000
MLS Number: A10818424
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 Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1939 |
| Days On Site | 377 |
Features
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| Area Information | |
|---|---|
| State | FL |
| County | Miami-Dade County |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 32 |
| Listing VS Median (in 33141) | |
Price: $5,195,000 low | high Med: $174,900 On Site: 377 low | high Med: 5 | |
Listing Updated: February 23, 2021 7:49:59 PM PST
MLS Number: A10818424Listing Provided By:
Mikael Hamaoui of Riviera Horizons LLC