MIAMI BEACH waterfront Hotel/Motel Biscyane Blvd
FINANCING AVAILABLE: $2.59M Assumable Loan, 7.25% Interest, 15 years left on a 20 Year AMO. Seller may consider financing with a wrap loan instrument.
MOTEL $ 4,500,000
boutique hotel 62 rooms
12 new in 2011
4cops liquor license(package and tobacco)
waterfront red light 90 seats(leased $4250/month )
large pool with tokki bar and sun terrace
potential bar with 5M liquor license
building area est 23,497sf
lot 33,493 sft,Est 150ft frontage
MIMO historic district
access to I-95,Dowtown Beaches
assumable Loan $2.75M,20 yaer AMO
Building Size:23,500 SF
Property Type:Hotel & Motel
Property Sub-type:Economy/ Limited Service
Property Use Type:Investment
Average Daily Rate:$52
Miami Beach Multifamily Mid/High-Rise Investment Great Investment Opportunity!
Fully Leased 2 story waterfront buildings (4)
in the corner of Bay Dr. Over 14,000 sqft of
land with intercostal access provides great
opportunity for future development while still
generating income today, minutes from the beach,
restaurants, shopping, golf course and night life
with easy access to I-95. Total of 16 units eight
2 beds with Florida, four 1/1 and four studios.
Building Size:14,580 SF
Actual Net Operating Income$210,000...
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