Listed by Fausto Commercial Realty Consultants
$975,000
BELLAIRE SUB
Details
APN 01-31-24-015-0240
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,350
Year Built 1951
Zoning 3901
Parking Spaces 0
Multifamily
Marketing description
This fully remodeled 4-bedroom, 2-bathroom property is a stabilized, income-producing asset positioned at the intersection of Miami’s most desirable growth corridors. Located just minutes from the Miami Design District and the Biscayne Boulevard commercial artery, the property benefits from high-density foot traffic and proximity to luxury retail and global dining. This strategic location ensures consistent year-round demand, as evidenced by its established performance as a high-yield Airbnb operation.
The property generates a proven Net Operating Income (NOI) of $77,855.00 through short-term rental stays. Unlike many residential areas in Miami with restrictive rental policies, this asset is situated in a T4-L (Urban General - Limited) zone, where "lodging" uses are permitted by right. For an investor, this provides a secure regulatory environment for continued short-term rental operations while maintaining the flexibility of its legal duplex status. The turnkey condition and poolside amenities make this a rare "day-one" income play in a supply-constrained urban market.
Listing Contacts
Listed by Fausto Commercial Realty Consultants
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