Off-Market Condo: ABA09 at 1215 West Ave, Miami Beach, FL, 33139
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1215 West Ave, Miami Beach, FL, 33139

ABAE - #309

$355,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $169 per day and long-term for an average of $1,840 per month, based on similar listings in the area. Estimated short-term cap rate of 0.4%. Estimated long-term cap rate of -4.5%. ABAE Hotel is designed from a traveler's point of view with smartly spaced interiors full of the latest tech, luxury hotel amenities, and fresh and fun-lovely features. Amazing location! Only 5 minutes far from Lincoln Road and its restaurants and shops. Awesome rooftop pool. A Joe & The Juice attached to the hotel with an exclusive entrance from the lobby.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$911
Rental Policy
Daily
Yearly Taxes
$4574
Bedrooms
0
Bathrooms
1
SQFT
470
Furnished
N/A
Year built
2016
Listing Status
Off Market
MLS
A11377675

Short-term Rental Potential
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$39,468

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$755

Price/SQFT

Long-term Rental Potential
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$22,080

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,840/mo

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