Description
In East Little Havana, abutting the Roads neighborhood and in walking distance to Brickell is this 23 unit multifamily income cash-cow that has been historically licensed with an active motel/inn license and operated once as a rooming house. Now it is vacant, and waiting for a savvy investor to gut and restore this iconic building into a money-generating business once again. 23 units, 9 bathrooms in a classic SRO (single room occupancy hotel) configuration, where kitchen and baths are shared with other units. The neighborhood is experiencing dynamic growth, unparalleled demand, and rents continue to rise creating demand for alternative housing solutions like this opportunity. Invest now and establish your own creative mark in the area.
School Ratings & Info
Description
In East Little Havana, abutting the Roads neighborhood and in walking distance to Brickell is this 23 unit multifamily income cash-cow that has been historically licensed with an active motel/inn license and operated once as a rooming house. Now it is vacant, and waiting for a savvy investor to gut and restore this iconic building into a money-generating business once again. 23 units, 9 bathrooms in a classic SRO (single room occupancy hotel) configuration, where kitchen and baths are shared with other units. The neighborhood is experiencing dynamic growth, unparalleled demand, and rents continue to rise creating demand for alternative housing solutions like this opportunity. Invest now and establish your own creative mark in the area.
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