THE CARMELA
ONE Sotheby’s is pleased to offer for sale 4025 Indian
Creek Drive, known as The Carmela, a 19-unit condo on
Miami Beach. This building is a unique property based
in one of Miami Beach’s most popular areas. The
property offers twelve 1/1 units, four 2/1 units, and
three 2/2 units in the heart of Miami Beach, and is
currently operating as a Short-Term Rental facility with
a hotel license in place which is transferable with the
sale. Zoning permits single-family detached,
townhomes, apartments, hotels, offices, parking
garages, commercial businesses, and more. The units in
this property’s monthly rent is $5,923, making this
building a high-income establishment. The submarket
of Miami Beach is a wealthy coastal area located in the
middle of Miami Beach.
Property Description
ONE Sotheby's is pleased to offer for sale 4025 Indian Creek Drive, known as The Carmela, a 19-unit condo on Miami Beach. This building is a unique property based in one of Miami Beach's most popular areas. The property offers twelve 1/1 units, four 2/1 units, and three 2/2 units in the heart of Miami Beach, and is currently operating as a Short-Term Rental facility with a hotel license in place which is transferable with the sale. Zoning permits single-family detached, townhomes, apartments, hotels, offices, parking garages, commercial businesses, and more. The units in this property's monthly rent is $5,923, making this building a high-income establishment. The submarket of Miami Beach is a wealthy coastal area located in the middle of Miami Beach.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $13,690,000 |
| No. of Units: | 19 |
| Year Built: | 1935 |
| Year Renovated: | 2021 |
| Building Size: | 13,120 Sq ft |
| Lot Size: | 6,534.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $720,526 |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
311 Barren Spot KI
St. Croix, Virgin Islands
12-BA Colquohoun KI
St. Croix, Virgin Islands
1533 S Bronough Street, Unit 0
Tallahassee, FloridaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout