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$ 2,500,000
Est. payment | /mo
7,500 Sqft Lot
$ 2,500,000
Est. payment | /mo
7,500 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11468287
Year Built 1937
Annual Tax Amount $21,125
Tax Year 2014
Lot Size 7,500 Sqft
Property Description
Rare, fully licensed Hotel/Short term rental multi family building in the heart of South Beach, blocks from Lincoln Rd & the Ocean. Due to strict municipal zoning laws, one of few buildings in the area to be licensed for STR, grandfathered in from prior to 2012. This Art Deco Gem, aka 'Le'toile" features 4 spacious units, one 2 bedroom and three 1 bedrooms. Two of the units have an extra den/bedroom for potential added rental premium. The property features 3990 interior SF, a large pool & pool deck, impact windows, vaulted ceilings, front yard, parking area, fully gated and a large second floor patio overlooking lush landscaping & the private pool. Building Certification Completed. Incredible upside through capital improvements & opportunity to convert into a single family home/Mansion.
Location
State FL
County 12086
Rooms
Dining Room 0
Kitchen 0
Building
Story 2
Sewer Private Septic
Structure Type Masonry - Concrete Block
Others
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Priscilla Shields
Agent | License ID: 0578753, 238091