601 1St AveMiami, FL 33132

This exceptional investment opportunity presents a portfolio of four fully furnished, one-bedroom Airbnb condos in Miami, Florida. Located at 601 NE 1st Ave, 33132, this Class A, 2024-built property boasts a total of 2,600 square feet, with each unit priced at $799,000. The property enjoys a prime downtown location adjacent to Miami World Center, offering easy access to the Miami Heat Arena, cruise port, beaches, and various dining and entertainment options. Approved for short-term rentals, the portfolio generates substantial income, with a Net Operating Income (NOI) of $387,391 and a 12.12% cap rate. Building amenities include a 51-story landmark design, 24-hour valet parking and secure access, high-speed internet, a double-height lobby, and extensive amenity spaces encompassing wellness facilities, culinary options, a conference center, and a pool. The building also features three floors of private office space and ground-level retail. This turnkey investment is ideal for cash buyers and investors seeking a high-return, low-maintenance opportunity in a thriving Miami location. Financials indicate an average monthly income of $10,000 per unit, based on 25 nights of occupancy at $400 per night. The property is eligible for a 1031 exchange.