Listing Summary
Prime Miami Beach Condo Building for Sale
Full Description
Prime Miami Beach Condo Building for Sale
Located at 4025 Indian Creek Drive, this 19-unit condo building presents a rare opportunity to acquire a high-income property in one of Miami Beach's most desirable areas. The building, known as "The Carmela," is currently operating as a short-term rental facility with a transferable hotel license, providing an immediate and significant revenue stream.
The property's prime location offers residents and guests a "walker's paradise," with easy access to world-renowned beaches, fine dining, upscale shopping, and vibrant nightlife. Situated near iconic landmarks like the Fontainebleau Hotel and the recently renovated Miami Beach Convention Center, this property benefits from a constant flow of tourists and business travelers. The scarcity of land and high demand in this submarket make this a highly valuable asset with substantial long-term potential.
This building is comprised of a mix of 12 one-bedroom, one-bath units, 4 two-bedroom, one-bath units, and 3 two-bedroom, two-bath units. With a high average monthly rent per unit, this is a lucrative investment in a market with limited supply and high barriers to entry.
Quick Glance
- Listing ID:
CL-Florida-26312
- Status:
Active
- Year Build:
1939
- Building Size:
13,120 SqFt
- Lot Size:
15.00 Acre