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28656461
28656483

398 NE 5th St, Miami, FL 33132 For Sale

AC
FL BK3277167
Linart Realty
Listed by Linart Realty
$5,100,000
237 days on market
Updated 38 days ago

The Elser Miami – 6-Unit Luxury STR Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building, CONDO PORTFOLIO
Square Footage 3,700
Net Rentable (SqFt) 3,700
Units 6
Occupancy 100%
Price per SqFt $1,378
Broker Co-Op Yes
Class A
Year Built 2022
Buildings 1
Stories 47
Zoning RES
Parking Spaces 1 per unit
Investment Type Owner/User
Occupancy Date 05/06/2024
Ground Lease No
Ownership FEE SIMPLE

Downtown Miami 6-Unit Condo Portfolio | 4 Studios + 1 One-Bed + 1 Luxury 3BR Corner | The Elser

Marketing description

Exceptional turnkey investment opportunity at The Elser Hotel & Residences in Downtown Miami. This rare portfolio consists of four fully furnished studio units, one furnished 1-bedroom residence, and one premium 3-bedroom corner unit—each designed for maximum short-term rental performance. All units are delivered fully furnished, professionally managed, and operating as hands-off investments with strong rental demand.

The flagship 3BR/3BA corner residence offers floor-to-ceiling glass, a 180-degree wraparound balcony, panoramic Biscayne Bay and city skyline views, a gourmet kitchen with premium appliances, 9'2" ceilings, smart-home features, and designer finishes. The studios and 1-bedroom units provide high occupancy and efficiency, ideal for investors seeking diverse revenue streams within the same building.

The Elser provides exceptional amenities including a rooftop infinity pool, state-of-the-art fitness center, 24/7 concierge, valet, and immersive hotel-style services. Located steps from Bayfront Park, world-class dining, entertainment, and the Biscayne Boulevard waterfront, this portfolio delivers unmatched luxury, location, and investment potential. Offered individually or as a bulk package.

Investment highlights

  1. Six-Unit Portfolio: 4 studios, 1 one-bedroom, 1 luxury 3-bedroom corner unit

  2. Turnkey Delivery: All units fully furnished and professionally designed

  3. Hands-Off Ownership: Reliable professional management in place

  4. Unrestricted STR Zoning: Daily rentals allowed at The Elser—ideal for Airbnb/VRBO

  5. Premium Flagship Unit: 3BR/3BA corner suite with panoramic bay & skyline views

  6. High Occupancy Assets: Studios & 1BR units deliver strong, consistent occupancy

  7. World-Class Amenities: Rooftop pool, gym, concierge, valet, coworking spaces

  8. A+ Downtown Location: Steps to Bayfront Park, Kaseya Center, and top dining

  9. State-of-the-Art Building: New construction with modern systems and finishes

  10. Flexible Exit Strategy: Sell individually or as a bulk portfolio

Listing Contacts

AC
FL BK3277167
Linart Realty
Listed by Linart Realty

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Additional Information

Name
Arthur Covas
License
BK3277167
Brokerage
LINART REALTY LLC
Brokerage Phone
5612356804
Title
REAL ESTATE BROKER
Brokerage Address
9080 Kimberly Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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