$8,900,000
$9,950,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
221 Collins Ave Miami Beach, FL 33139
10,144 SqFt
Key Details
Sold Price $8,900,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 10,144 sqft
Price per Sqft $877
MLS Listing ID A11430048
Sold Date 01/16/24
HOA Y/N No
Year Built 1922
Annual Tax Amount $81,617
Tax Year 2023
Lot Size 6,500 Sqft
Property Description
SOUTH OF FIFTH - RENOVATED SHORT-TERM RENTAL BUILDING SLEEPS 48 GUESTS
This historic Art Deco apartment building has been transformed into a luxury short-term rental property featuring 8 furnished, carefully curated two-bedroom/two-bathroom suites in Miami Beach's sought-after South of Fifth neighborhood, one block from Ocean Drive and the beach. The units offer 875+/- SF of modern living space with impact windows and doors, and stainless steel appliances, each sleeping 6 guests. Other improvements include a new roof, new plumbing and electrical systems, new kitchens and bathrooms. Brand new renovation with all new furniture, fixtures, artwork. Totally turnkey and ready for an investor or operator in a world-class destination. The building has been recertified until 2032.
Location
State FL
County Miami-dade County
Area 42
Direction Collins Avenue between 2nd and 3rd Streets
Interior
Cooling Central Air
Flooring Ceramic Tile
Window Features Impact Glass
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 02-42-03-003-0390
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with One Sotheby's International Re