SOUTH BEACH – Commercially zoned, short-term rental building steps from the 5th Street gateway to South Beach. Gated 8-unit apartment building offering a mix of 1-bed/2-bath units and studios, with 5 parking spaces at the rear. 100% occupied with primarily month-to-month tenants allowing a new owner the flexibility to develop and/or reposition the property. All 8 units are licensed for short term rentals of 30 days or more. With CPS2 commercial zoning – FAR 2.0, the property can be developed into a 14,000 SF building one block from Publix supermarket, Target and other national chain stores. The building has been recertified until 2029.
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