Just reduced $200,000!!!! Incredible opportunity to acquire a 12-unit income-producing portfolio in highly desirable Sunny Isles Beach, Florida (owner have more units if needed or split this portfolio(no single units for sale)). All units located within multifamily 420-unit building that permits short Term Rentals. Units are Fully furnished, equipped and licensed for AirBnB, VRBO, Booking.com with the City of Sunny Isles and Condominium Association.
The sale includes all the furnishing, equipment, electronics, decorations, supplies - anything that makes daily rentals possible.
Full-service building features all amenities: heated pool, tennis courts, gym, mini-market, hair salon, boxing studio , valet service and 24h concierge. Each unit has Each unit has full kitchen and assigned parking space. Laundry Facilities are on each floor in Building. Cable, internet, Air Conditioner, hot and cold water are included in maintenance fees.
12-unit portfolio includes:
One - 3bed/2bath unit
Two - 2bed/2bath units
One - 2 bed/1 bath unit (convertible)
Three - 1bed/1 bath units
Five - 1bed/1.5 bath units
Each unit comes with 1 parking space (12 parking spaces total)
Total of 13,785 sf of rentable area (as per official records). Each unit produced $5000-$10,000 monthly income depending on the season. average occupancy is about 94%.
Condo Maintenance Includes: Hot Water, Cold Water, Cable/Internet, Air Conditioner, Exterior property insurance, Concierge/Security and building services
Building undergo renovations (Roof, garage, windows, exterior walls). Special assessments will be paid of by the Seller at closing.
Seller has excellent reviews on www.Bookong.com, www.AirBnB.com and www.vrbo.com
More particular information to qualified Buyers with executed NDAs.
Eugene Noska
Grand Real Estate Company
