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$ 7,000,000
Est. payment /mo
Price Dropped by $250K
1355 Drexel Ave Miami Beach, FL 33139
816 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 816 sqft
Price per Sqft $8,578
MLS Listing ID 11618120
Year Built 2009
Annual Tax Amount $111,703
Tax Year 2025
Property 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.
Location
State FL
County 12086
Rooms
Dining Room 0
Kitchen 0
Building
Story 2
Sewer Municipal
Structure Type Masonry - Concrete Block
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11929268