235 18th St, Miami Beach, FL 33139 — MLS photo

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235 18th St, Miami Beach, FL 33139

Active · MultiFamily

$3,950,000

235 18th St, Miami Beach, FL 33139

Beds
—
Baths
0
Living area
4,779 sq ft
$ / sq ft
$827/sq ft
Year built
1937
Lot size
—
HOA fee
—
Annual tax
—

About this property

Boutique 18 Miami Beach – Fully renovated 12-unit licensed hospitality property located steps from the beach and the east end of Lincoln Road in the heart of Miami Beach’s rapidly evolving Collins Park district. Renovated in 2015 and currently operated as a boutique hotel under a master lease structure generating stable in-place income. Positioned near luxury hotels, the Convention Center, Collins Avenue, Ocean Drive, and major lifestyle destinations driving year-round tourism demand. The surrounding area is undergoing over $4 billion in luxury residential, hospitality, retail, and infrastructure investment, further strengthening long-term value and hospitality demand. Existing hotel licensing in place with operational upside through direct hospitality management and revenue optimization. Offering Memorandum available upon request.

Property location

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235 18th St, Miami Beach, FL 33139

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Facts & features

Interior

Bathrooms
0
Living area
4,779 sq ft

Exterior & Structure

Property type
MultiFamily
Year built
1937

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A12022142
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$9,765

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.6%
Gross yield
5.9%
Mortgage payment
$18,725/mo
Down payment
$987,500
Loan amount
$2,962,500
Annual NOI
$107,522

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.