Studio Unit – Apartment
Area 420 Sq. Ft.
Beautiful Unit in the heart of
Miami Beach minutes from the beach.
This is a nice studio, with nice laminate flooring,
relaxing bay views, high impact windows.
Needs very little updating & TLC.
AirBnB friendly property with NO RENTAL Restrictions.
Association only $398 a month, modern building
includes gym, pool, common areas, cable, maintenance,
parking and more. Centrally located down the street to
Whole Foods, Lincoln Rd, and right off I-395.
Comps in same building sold for $157k.
Average airbnb rental rate $100+ a night.
Average rental $1300 a month.
Over 7.0% Cap rate potential to long term tenant,
or over 11% Cap on AirBnb.