Deborah Morfis
REALTOR®, Palm Coast, Flagler, Ormond, Daytona Beach Shores, Ponce Inlet, Crescent Beach
BEDS0
BATHS
SQUARE FEET816
MLS#A11929268
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSOBE VILLAGE CONDO
Property Description
Turnkey 18-unit short-term rental opportunity in the heart of Miami Beach?just steps from Ocean Drive, Collins Avenue, and Lincoln Road. This prime location offers unrivaled access to the areas top dining, entertainment, and beachfront attractions. With legal short-term rental zoning and a proven operational track record, the property stands out as a secure, scalable investment in a market where compliant STR assets are increasingly rare.Each unit features a full kitchen, in-unit or onsite laundry, Wi-Fi/cable, and modern interior finishes designed to meet the expectations of todays short-term traveler. The building has been consistently maintained and optimized for both remote and on-site management, supporting steady year-round occupancy and above-market ADRs. With strict regulations limiting new STR supply and tourism demand in Miami Beach continuing to grow, 1355 Drexel Ave presents investors with a resilient, high-yield cash-flow asset backed by strong underlying real estate fundamentals.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Roof Type: Flat Tile
Stories: 2.0
Taxes: $111,703
Year Built: 2009
Feature Descriptions
Crops Included Y/N: No
Days on Site: 188
Exterior: Concrete Block Construction
Flooring: Concrete
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional
Lot: Less Than 1/4 Acre Lot
Parcel#: 02-32-34-183-0120
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Listed By / Shown By
Listed By
Agency Name: Compass Florida, LLC
Agency Phone: 305-851-2820
Shown By
Agent Name: Deborah Morfis
Agent Phone: (386) 871-4752
Agency Title: Adams Cameron & Co. REALTORS
Estimate Your Payment
Estimated Payment
$ 48,607.19 per month $37,256.94 Principal & Interest $9,308.58 Property Tax $2,041.67 Homeowner's InsuranceChange Payment Information
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1355 Drexel Ave | MLS# A11929268
This multi-family property located at 1355 Drexel Ave, Miami Beach, FL 33139 is currently listed for sale with an asking price of $7,000,000. Search Miami Beach real estate on deborahmorfis.adamscameron.com today.