This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

19370 Collins Ave - 12-unit Licensed short-term rental portfolio

13,785 SF Office/Retail Condo Unit Offered at $11,237,440 CAD in Sunny Isles Beach, FL 33160

Investment Highlights

  • Ocean and Intracoastal views
  • Licensed for AirBnB, VRBO, Booking.com
  • Laundry Facility on each floor in Building
  • Fully Furnished and equipped 12 units Total of 13,785 sf of rentable area
  • All units have assigned parking spaces
  • Each unit has full kitchen

Executive Summary

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.

Property Facts

Price $11,237,440 CAD
Unit Size 13,785 SF
No. Units 1
Total Building Size 450,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Sale Type Investment
Building Class B
Floors 17
Typical Floor Size 38,359 SF
Year Built 1972
Lot Size 5.45 AC
Parking Ratio 0.01/1,000 SF

1 Unit Available

Unit 12 Residential Units

Unit Size 13,785 SF
Price $11,237,440 CAD
Price Per SF $815.19 CAD
Condo Use Office/Retail
Sale Type Investment
Cap Rate 9.98%
NOI $1,120,934.65 CAD
No. Parking Spaces 5
Living Room
Dining
Bedroom
Bedroom
Kitchen/Dining

+22 More

Bathroom
View Photo Living Room
View Photo Dining
View Photo Bedroom
View Photo Bedroom
View Photo Kitchen/Dining
View Photo Bathroom
View Photo Bedroom
View Photo Bathroom
View Photo Bedroom
View Photo Dining
View Photo Kitchen
View Photo Bathroom
View Photo Bedroom
View Photo Bedroom
View Photo Dining
View Photo Dining
View Photo Interior Photo
View Photo Bedroom
View Photo Bedroom
View Photo Bedroom
View Photo Bathroom
View Photo Bedroom
View Photo Bedroom
View Photo Bedroom
View Photo Kitchen
View Photo Kitchen
View Photo Living Room

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 - 1,665
2+2 1 - 1,526
2+1 1 - 1,005
2+2 1 - 1,549
1+1.5 5 - 1,005 - 1,500
1+1 3 - 1,005 - 1,500

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Tub/Shower
  • Views
  • Walk-In Closets

Site Amenities

  • Business Center
  • Controlled Access
  • Fitness Center
  • Picnic Area
  • Tennis Court
  • Cabana
  • Grill
  • Trash Pickup - Door to Door
  • Wi-Fi
  • Elevator

zoning

Zoning Code RU-4, Sunny Isles (Florida for high-density apartment houses)
RU-4, Sunny Isles (Florida for high-density apartment houses)
  • Listing ID: 28452850

  • Date on Market: 2023-05-10

  • Last Updated:

  • Address: 19370 Collins Ave, Sunny Isles Beach, FL 33160

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}