Address
Not Disclosed Miami Beach, FL
Price
$ 5,195,000
Property Attributes
  • MLS#A10818424
  • TypeCommercial
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area32
  • Zip33141
  • StyleMultiFamily
  • Price$ 5,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,751 SqFt
Listing Provided Courtesy Of:
Riviera Horizons LLC
Property 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.

Price History
2/18/2020 Listed $5,195,000

General Features

MLS Area 32
Property SubType MultiFamily
Property Type CommercialSale
Structure Type HotelMotel, MultiFamily
Zoning Description 3900

Exterior Features

Covered Spaces 0.0
Lot Size Area 11751.0
Lot Size Square Feet 11751.0
Lot Size Units SquareFeet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33141

Price
AVG $3.12M
$5.2M
Visits
AVG 41
100
Year Built
AVG 1953
1939

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