Listed by Porosoff Group
$7,000,000
SOBE VILLAGE CONDO
Details
APN 02-32-34-183-0120
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 816
Net Rentable (SqFt) 10,255
Units 18
Price per SqFt $8,578
Class C
Year Built 2009
Buildings 2
Stories 2
Lot Size (SqFt) 10,255
Zoning 6400
Parking Spaces 2 spaces
Parking per 1,000 SqFt 2.45
Licensed 18-unit STR in South Beach with strong cash flow and scarce supply advantage
Marketing description
Turnkey 18-unit short-term rental opportunity in the heart of Miami Beach—just steps from Ocean Drive, Collins Avenue, and Lincoln Road. This prime location offers unrivaled access to the area’s top dining, entertainment, and beachfront attractions. With legal short-term rental zoning and a proven operational track record, the property stands out as a secure, scalable investment in a market where compliant STR assets are increasingly rare.
Each unit features a full kitchen, in-unit or onsite laundry, Wi-Fi/cable, and modern interior finishes designed to meet the expectations of today’s short-term traveler. The building has been consistently maintained and optimized for both remote and on-site management, supporting steady year-round occupancy and above-market ADRs. With strict regulations limiting new STR supply and tourism demand in Miami Beach continuing to grow, 1355 Drexel Ave presents investors with a resilient, high-yield cash-flow asset backed by strong underlying real estate fundamentals.
Investment highlights
• Fully licensed and legally operating 18-unit short-term rental property in Miami Beach
• Turnkey asset delivered fully furnished with immediate, stabilized cash flow • Prime Flamingo/Lummus location steps from the beach, Ocean Drive, and Collins Ave
• High occupancy and strong ADR performance supported by year-round tourism demand
• Extremely limited supply of compliant STR properties due to strict city regulations
• Modernized suites with full kitchens and on-site laundry, enabling efficient operations and guest satisfaction
Listing Contacts
Listed by Porosoff Group
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