602 1St Ave Miami, FL 33132

This exceptional investment opportunity presents two fully furnished, one-bedroom Airbnb condos in a prime Miami location. The 1,242 square foot portfolio boasts a strong financial performance, generating approximately $193,696 in net operating income (NOI) annually, representing a 12.11% capitalization rate. Each unit is individually priced at $800,000, with the entire portfolio listed at $1,600,000. The property is ideally situated near the Miami Heat Arena and the Miami Cruise Port, maximizing short-term rental potential. Licensed for Airbnb and other short-term rental platforms, these units are turnkey and ready for immediate income generation. The building itself is a 51-story landmark designed by Arquitectonica, offering residents and guests a range of amenities including a double-height lobby, 24-hour valet parking, secure access, high-speed internet, and multiple floors dedicated to amenities such as a wellness center, culinary spaces, a conference center, and a pool. The building also features on-site hospitality management and ground-level retail. This property offers a unique blend of luxury living and high-yield investment potential in the heart of Miami, with convenient access to public transportation. The building's prime downtown location near Miami World Center provides easy access to various attractions, including beaches, marinas, and cultural experiences. This is a move-in ready opportunity with high rental income from holiday rentals and year-round occupancy potential.