Hotel in Miami Beach, Florida № 2050730

Property description

The SeaSide Suites present a unique opportunity by providing an investor with multiple plays. These include repositioning the property as a Short-Term Rental Hotel, constructing additional units in the rear yard, and/or 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 central A/C, electrical, appliances, fire safety, fixtures and finishes- plus a new roof and impact windows and doors. The Seaside Suites boast a spectacular location in Miami Beach just one block from the North Shore Open Space Park (36 acres) and one of the world’s most famous beaches. It lies tucked in a quiet residential neighborhood that is just three blocks from the commercial center of North Beach. See attached Offering Memorandum for Financials, Plans, Survey, Overview, etc.