New Miami Beach Luxury Multifamily | 5 Year Rent Guarantee, Southeast Region

Property Description

New Miami Beach Luxury Multifamily | 5 Year Rent Guarantee

Opportunity to purchase a brand new property consisting of 6 townhomes which could be used as a short-term rental.

The property will be sold with the Suite Hotel License

Owner Group has locked $300,780 Annual Net Lease Contract for 5 years with one of the top local short term rental operators - Attractive 5% CAP Rate

Lease has 2% annual rent escalation

Lease will be guaranteed with $100,224 corresponding to 4-month rent

Located just a few meters from the beach and in front of a park

Only a few minutes from a lavish oceanfront resorts with white sand beaches and fine dining restaurants.

Area is experimenting a rapid growth helped by the development of several notable hotels and luxury condominiums such as The Surf Club Four Seasons Hotel & Private Residences, Marriott The Residence Inn at Surfside, Fendi Chateau, Grand Beach Hotel Surfside, Eighty-Seven Park by Renzo Piano

The property consists of 6 townhomes with a total AC area of 7,515 sf.

All units have 2 bed and 2.5 bath

All units have spacious terraces of approx. 500 sf.

There are a total of 9 parking spaces

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The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.