Miami Beach, FL 33139 1335 Drexel Ave
$4,450,000
19 more
Presented By: This listing is courtesy of Douglas Elliman
Beds • 8
SQFT • 5,360
Home Details
Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!
Presented By: This listing is courtesy of Douglas Elliman
Interior Features for 1335 Drexel Ave
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCarpet, Hardwood, Wood
General for 1335 Drexel Ave
Building NameMiami Beach
CityMiami Beach
Construction MaterialsBlock
CoolingWall/Window Unit(s)
CountyMiami-Dade
Full Baths
Legal DescriptionH PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4
LevelsTwo
Listing TermsCash, Owner May Carry
Lot Size Square Feet5000
Lot Size UnitsSquare Feet
MLS Area32
Number Of Units Total8
Occupancy TypeCall Agent
PossessionClose Of Escrow
PostalCityMiami Beach
Property SubtypeHotel/Motel
Property TypeCommercial Sale
RoofConcrete
Security FeaturesFenced
Standard StatusActive
StatusActive
Stories Count2
Structure TypeHotel/Motel
Tax Annual Amount28411
Tax Year2024
Virtual TourClick here
Year Built1939
Year Built DetailsResale
Zoning Description6400
Exterior for 1335 Drexel Ave
Building Area Total5360
Covered Spaces
Lot Size Area5000
Number of Buildings1
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Maria Jose Maldonado-Perez
Realtor®
