Majestic Properties
Listed by Majestic Properties
$3,950,000
BOUTIQUE 18 MIAMI BEACH | 12 suites
Details
APN 02-32-34-019-0120
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 4,779
Units 12
Cap Rate 5.46%
NOI $215,698
Occupancy 100%
Pro-Forma Cap Rate 9.34%
Pro-Forma NOI $369,000
Year Built 1937
Stories 2
Zoning MXE - RM-2 Hotel
12 Suites | Existing Income | Operational Upside | South Beach
Marketing description
Boutique 18 Miami Beach – Fully renovated 12-unit licensed hospitality property located steps from the beach and the east end of Lincoln Road in the heart of Miami Beach’s rapidly evolving Collins Park district. Renovated in 2015 and currently operated as a boutique hotel under a master lease structure generating stable in-place income. Positioned near luxury hotels, the Convention Center, Collins Avenue, Ocean Drive, and major lifestyle destinations driving year-round tourism demand. The surrounding area is undergoing over $4 billion in luxury residential, hospitality, retail, and infrastructure investment, further strengthening long-term value and hospitality demand. Existing hotel licensing in place with operational upside through direct hospitality management and revenue optimization. Offering Memorandum available upon request.
Investment highlights
- 12-unit licensed hospitality property
- Fully renovated in 2015
- Existing hotel licensing in place
- Operated as a boutique hotel
- Stable in-place income through master lease
structure
- Walkable to the beach, Lincoln Road, Collins Avenue,
and Convention Center
- Located near the rapidly evolving east end of Lincoln
Road (currently undergoing over $4B in revitalization)
- Operational upside through direct hospitality
management and revenue optimization.
Listing Contacts
Majestic Properties
Listed by Majestic Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$215,698.27
$17,974.86/mo
Valuation Metrics
0
DSCR
5.46%
Cap Rate
5.46%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
