Apartment Building with Redevelopment
For Sale
Contact for pricing
Pending
7128 Indian Creek Dr, Miami Beach, FL 33141
Operating as 9 residential apartments with 4 assigned parking spaces, legally 8, with City-approved plans for a 16-unit hotel.
Property SizeContact for details
Days on Market147
Property Features for 7128 Indian Creek Dr
General Information
Standard status
Pending
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Multifamily Units
9
Building Details
Tenancy
Multi
Listing Agency:
Rich Homes of Florida
Listed By:
brigitte benichay · License #3005825
Source:
Crexi
Added: Apr 11
Changed: Aug 27
Last Checked: Sep 1 at 6:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rich Homes of Florida
Investment Insights
Based on property information with market context.
This property is currently operating as a 9-unit residential apartment building, though it is described as legally 8 units. The building includes 4 assigned parking spaces and offers redevelopment potential under existing approvals.
The City of Miami Beach has approved plans for a 16-unit boutique hotel that includes parking and a rooftop pool. The remarks also indicate zoning allows short-term rental use.
In addition to the existing residential configuration, the approved project provides a clear path toward converting the asset to a hotel use, while the property’s current setup supports existing income operations.
The City of Miami Beach has approved plans for a 16-unit boutique hotel that includes parking and a rooftop pool. The remarks also indicate zoning allows short-term rental use.
In addition to the existing residential configuration, the approved project provides a clear path toward converting the asset to a hotel use, while the property’s current setup supports existing income operations.
Key Highlights
- Currently operating as 9 residential apartments (legally 8 units).
- Includes 4 assigned parking spaces for the property.
- City of Miami Beach approved plans to redevelop into a 16‑unit boutique hotel with parking.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Operating as 9 residential apartments with 4 assigned parking spaces, legally 8, with City-approved plans for a 16-unit hotel.
Where is this apartment building located?
The property is located at 7128 Indian Creek Dr Miami Beach, FL.
What are key features of this property?
This property features: Currently operating as 9 residential apartments (legally 8 units).; Includes 4 assigned parking spaces for the property.; City of Miami Beach approved plans to redevelop into a 16‑unit boutique hotel with parking.
