6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 sq.ft each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel. With zonin

6881 INDIAN CREEK DR, Miami Beach

$5,195,000 USD
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Address6881 INDIAN CREEK DR, Miami Beach
Type of BusinessHotel / Motel, Residential-Multi-Family
Price$5,195,000
Property StatusActive
MLS NumberA10818424
Property Size11751
Lot Size11751
Year Built1939
Folio Number02-32-11-001-0750
Zoning Information3900
Days on Market137

Detailed Description: 6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 sq.ft each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel. With zoning already approved by the City of Miami Beach, 6881 Indian Creek is an ideal location for an investor looking to get into the profitable short-term rental business in a booming market. With the completion of the newly renovated Miami Beach convention center along with the North Beach Town Center, an investor can easily achieve an ADR of $115 a room once converted to short-term rentals.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33141
Address6881 INDIAN CREEK DR
Section11
Zip Code (4 Digits)3867
Financial Information
Price$5,195,000
Price per Foot$0
Folio Number02-32-11-001-0750
Full Descriptions
Detailed Description6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 sq.ft each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel. With zoning already approved by the City of Miami Beach, 6881 Indian Creek is an ideal location for an investor looking to get into the profitable short-term rental business in a booming market. With the completion of the newly renovated Miami Beach convention center along with the North Beach Town Center, an investor can easily achieve an ADR of $115 a room once converted to short-term rentals.
Property parameters
Living Area11751
Lot Size11751
Total Acreage0.000
Zoning Information3900
Maximum Leasable Size11751
Year Built1939
Type of BusinessHotel / Motel, Residential-Multi-Family
Listed withRiviera Horizons LLC