Description
6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 square feet each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel.
With zoning already approved by the City of Miami Beach, 6881 Indian Creek is an ideal location for an investor looking to get into the profitable short-term rental business in a booming market. With the completion of the newly renovated Miami Beach convention center along with the North Beach Town Center, an investor can easily achieve an ADR of $115 a room once converted to short-term rentals.
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© 2020 Greater Fort Lauderdale REALTORS®. All rights reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of the Fort Lauderdale Association of Realtors, Inc (RETS). Real estate listings held by brokerage firms other than Greater Fort Lauderdale are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker. Updated: 27th January, 2021 12:53 AM