Terrazas Del Mar

8143 Harding Ave,
Miami Beach, FL 33141

Miami Beach Short Term Rental Opportunity

$6,200,000
Offering Price
6
Number of Units
$1,033,333
Price Per Unit
7,515
Building SF
4.17%
Cap Rate
9,587
Land SF
$6,200,000
Offering Price
6
Number of Units
$1,033,333
Price Per Unit
7,515
Building SF
4.17%
Cap Rate
9,587
Land SF

Investment Summary

  • ONE Sotheby's is proud to present Terrazas Del Mar, an opportunity to purchase a brand new property consisting of 6 townhomes permitted and zoned for short-term rental.
  • The property is being sold with the Suite Hotel License and has a management contract with Sextant Stays which can be terminated upon transfer of ownership.

Investment Highlights

  • Opportunity to purchase a brand new property consisting of 6 townhomes offered as short-term rentals and managed by Sextant Stays.
  • Owner Group has locked a $367,000 Annual Net Lease Contract with one of the top local short term rental operators providing an attractive 5+% CAP Rate.

Location

  • Only a few minutes from Bal Harbour and Bal Harbour shops
  • Area is experimenting a rapid growth helped by the development of several notable hotels and luxury condomimiums, such as The Surf Club Four Seasons Hotel & Private Residences, Mariott The Residence Inn at Surfside, Fendi Chateau, Grand Beach Hotel Surfside, Eighty Seven Park by Renzo Piano.
FOR MORE DETAILS CONTACT
Manny Chamizo III
Global Commercial Director
(786) 453-3171
FLAcommercial@gmail.com
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