The units are individually owned under a Condominium form of ownership. Upon the closing of the purchase, the new owners would collapse the condominium and operate it either as a hotel or as a short term rental asset. Short term rentals are allowed under the current zoning. They are currently prohibited by the Condo Bylaws. The zoning allows for many uses, retail, hospitality, apartments, and hotel are the uses allowed "as of right" per the current zoning. The property was built in 1960 and is considered historical as It is a Mid-Modern architecture. The zoning allows for up to 5 stories but the facade of the building would have to be restored as is.
Current rent troll is not relevant since there are elderly homeowners that own their property out right.

Community 42 County Miami-Dade County
Additional Details
AREA 42
GARAGE Free Parking
LOT 13000 acre(s)
PARKING 10 Space(s)
STORIES 2
ZONING CPS-1

 

 

Buyers agent: Anthony Giuffrida - La Rosa Realty.
PLEASE CONTACT: info@floridahotelpropertiesforsale.com

 

 

A10475827