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1355-1357 Drexel Ave
Miami Beach, FL 33139 Flamingo

$7,250,000 USD

Apartments For Sale  •  7,907 SF

Property Details

• Property Type Apartments
• Total Building Size 7,907 SF
• Lot Size 0.24 AC
• Building Class B
• Year Built 1935
• Zoning CD-2

50 Transit Score

100 Walk Score

Highlights

Fully licensed and legally operating 18-unit short-term rental property in Miami Beach

Turnkey asset delivered fully furnished with immediate, stabilized cash flow

Prime Flamingo/Lummus location steps from the beach, Ocean Drive, and Collins Ave

High occupancy and strong ADR performance supported by year-round tourism demand

Extremely limited supply of compliant STR properties due to strict city regulations

Modernized suites with full kitchens and on-site laundry, enabling efficient operations and guest satisfaction

Amenities

• 24 Hour Access
• Air Conditioning
• Cable Ready
• Laundry Facilities
• Washer/Dryer
• Walking/Biking Trails
• Wi-Fi
• Kitchen
• Oven
• Range
• Tub/Shower
• Storage Space
• Basement
• Public Transportation
• Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
	12 min	-	5.5 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	13 min	-	5.6 mi
Airport	Drive	Walk	Distance
Miami International	30 min	-	15.8 mi
Fort Lauderdale/Hollywood International	42 min	-	27.5 mi