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1355 Drexel Ave, Miami Beach FL 33139

Multi-family For Sale
$7,250,000

BTC: 79.67032967

ETH: 3,625.00000000

1 days
0 room(s)
816 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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 area’s 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 today’s 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.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
2009
Lot:
No Data
Heating:
Central
Price/sqft:
$8,885
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Concrete

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 02-32-34-183-0120

    • Zoning: 6400

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $111,703

  • Source details

    • MLS ID: A11929268

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Other

    • Living Area: 816

    • Subdivision Name: SOBE VILLAGE CONDO

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC