1335 Drexel Ave, Miami Beach FL 33139

For sale Days on market 91

Miami Beach [ Hotel/Motel ]

$4,450,000

$500,000
Price Decreased

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Overview

Year Built

1939

5000 sqft

Property Type

Hotel/Motel

Property Description

Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!

Property Details

MLS#

A11933913

Total Floor in Bldg

Building

Miami Beach

Address

1335 Drexel Ave

City

Miami Beach

State/county

Zip/Postal Code

33139

Area

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$28,411

Maint Fee

$--

Tax Year

2024

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