1335 Drexel Ave
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1335 Drexel Ave
8 Unit Apartment Building For Sale Miami Beach, FL 33139
Investment Highlights
- Short Walk to Collins, Washington Avenue.
- Available for Lease and Sale.
- 2 Blocks from Beach.
- Prime Opportunity for STR operators.
Executive Summary
For SALE or MASTER LEASE; An exceptional commercial opportunity awaits on Drexel Ave with this 2-story, 8-unit apartment building, strategically located just two blocks from the beach and within walking distance to high-traffic shops and vibrant activity centers. Offering a unique blend of flexibility and potential, this property is 100% occupied with month-to-month leases with residential tenants ready to vacate and zoned CD-2 Commercial Medium Intensity, making it primed for repositioning.
Comprised of four 1-bedroom and four junior 1-bedroom units, this fully occupied building delivers immediate cash flow with significant upside in conversion. The flexible CD-2 zoning allows for a multitude of commercial uses, including apartment, hotel, and various other commercial ventures. Additionally, the property is zoned to capitalize on the short-term rental market. Owner would prefer a hospitality tenant.
Sitting on a 5,000 square foot lot with 5,360 square feet under air, this property has undergone recent roof maintenance, ensuring stability for future ownership. Available for sale or master lease for the first time in 50 years, this asset is ideal for investors seeking a high-value opportunity in the heart of Miami Beach’s dynamic commercial landscape. Owner prefers to lease the whole building but will hear offers to buy as well.
Comprised of four 1-bedroom and four junior 1-bedroom units, this fully occupied building delivers immediate cash flow with significant upside in conversion. The flexible CD-2 zoning allows for a multitude of commercial uses, including apartment, hotel, and various other commercial ventures. Additionally, the property is zoned to capitalize on the short-term rental market. Owner would prefer a hospitality tenant.
Sitting on a 5,000 square foot lot with 5,360 square feet under air, this property has undergone recent roof maintenance, ensuring stability for future ownership. Available for sale or master lease for the first time in 50 years, this asset is ideal for investors seeking a high-value opportunity in the heart of Miami Beach’s dynamic commercial landscape. Owner prefers to lease the whole building but will hear offers to buy as well.
Property Facts
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 8 | Building Size | 4,824 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1939/1974 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,824 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/1974 |
Unit Amenities
- Air Conditioning
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 - 600 |
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Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 02-3234-011-0070 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,252,350 |
PROPERTY TAXES
Parcel Number
02-3234-011-0070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,252,350
zoning
| Zoning Code | CD-2, Miami Beach (Allows for a multitude of commercial uses including apartment, hotel and additional uses.) |
| CD-2, Miami Beach (Allows for a multitude of commercial uses including apartment, hotel and additional uses.) |
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1335 Drexel Ave
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