Furnished 20-Unit Short-Term Rental
For Sale
Contact for pricing
220 Collins Ave, Miami Beach, FL 33139
Partially licensed hospitality property with furnished studio accommodations and an active hotel-use conversion process.
Property SizeContact for details
Days on Market143
Property Features for 220 Collins Ave
General Information
Standard status
Active
Property subtype
Multifamily
Units
Unit Mix
20 x studio
Multifamily Units
20
Additional Details
Furnished
Yes
Building Details
Year Built
1951
Year Renovated
2021
Listing Agency:
Porosoff Group
(305) 209-8866
Listed By:
Arthur Porosoff · License #3160379
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 2:22AM
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 Porosoff Group
Investment Insights
Based on property information with market context.
This short-term rental property comprises 20 fully furnished studio units. The building dates to 1951 and received a full gut rehabilitation in 2021. Current ownership assembled the individual units from a condominium configuration, and the property is now being converted toward hotel use to support daily short-term rentals. Four units currently have hotel licenses, while the remaining units are part of the ongoing conversion process.
The property is located at 220 Collins Ave in Miami Beach’s South of Fifth District. It is two blocks from the Atlantic Ocean, Ocean Drive, and South Point Park, with high-end dining and retail establishments in the surrounding area. The asset is partially licensed and offers an existing furnished unit configuration within a hospitality-oriented building.
The property is located at 220 Collins Ave in Miami Beach’s South of Fifth District. It is two blocks from the Atlantic Ocean, Ocean Drive, and South Point Park, with high-end dining and retail establishments in the surrounding area. The asset is partially licensed and offers an existing furnished unit configuration within a hospitality-oriented building.
Key Highlights
- 20 fully furnished studio units
- Four units currently have hotel licenses
- Full gut rehabilitation completed in 2021
Property Analytics
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
3,940
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Partially licensed hospitality property with furnished studio accommodations and an active hotel-use conversion process.
Where is this short term rental property located?
The property is located at 220 Collins Ave Miami Beach, FL.
What are key features of this property?
This property features: 20 fully furnished studio units; Four units currently have hotel licenses; Full gut rehabilitation completed in 2021
