8-Unit Short-Term Rental
575 NE 61st St Miami, FL 33137
For Sale
Contact for pricing
Eight units with a short-term rental license and hotel zoning designation, offered with seller financing.
Property Size2,786 SF
Price / SF$789.66
Days on Market115
Property Features for 575 NE 61st St
General Information
- Standard status
- Active
- Size
- 2,786 SF
- Property subtype
- Hospitality, Multifamily
Building Details
- Year Built
- 1936
Listing Agency:
GREA
Listed By:
Saagar Patel · License #SL3442856
Source:
Crexi
Added: Apr 1
Changed: Jul 22
Last Checked: Jul 22 at 3:02PM
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 GREA
Investment Insights
Based on property information with market context.
Global Real Estate Advisors (GREA) exclusively presents an 8-unit short-term rental asset for sale at 575 NE 61st St, Miami, FL 33137. The property is positioned to support short-term rental operations, with both a short-term rental license and a hotel zoning designation, giving an owner flexibility in how the property can be operated. Ownership is also offering seller financing.
The seller’s remarks note that peak months have generated $20K to $24K+ in gross revenue based on existing performance and comparable STR data in the immediate area, with off-peak periods offering opportunities to optimize rate and occupancy.
This offering is presented as a differentiated short-term rental property with in-place cash flow, along with the potential for improved NOI through professional STR management and pricing/occupancy optimization, as described in the materials.
The seller’s remarks note that peak months have generated $20K to $24K+ in gross revenue based on existing performance and comparable STR data in the immediate area, with off-peak periods offering opportunities to optimize rate and occupancy.
This offering is presented as a differentiated short-term rental property with in-place cash flow, along with the potential for improved NOI through professional STR management and pricing/occupancy optimization, as described in the materials.
Key Highlights
- 8‑unit short‑term rental asset built in 1936
- Holds a short‑term rental license and hotel zoning designation
- Peak months have achieved $20K to $24K+ in gross revenue (based on existing performance and nearby STR data)
Property Analytics
Location Intelligence
Current Use by Public Records
Zenmotel Inn
Hotel & Motel
Vive Zen
Hotel & Motel
FAQs
What type of property is this?
Short term rental property - Eight units with a short-term rental license and hotel zoning designation, offered with seller financing.
Where is this short term rental property located?
The property is located at 575 NE 61st St Miami, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 8‑unit short‑term rental asset built in 1936; Holds a short‑term rental license and hotel zoning designation; Peak months have achieved $20K to $24K+ in gross revenue (based on existing performance and nearby STR data)
