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Property Detail

1321 15th St, Miami Beach, FL 33139, USA
Exceptional South Beach Location
$6,450,000

Description

INVESTMENT HIGHLIGHTS

     
  • - All Suites are Meticulously Renovated
  •  
  • - Currently Net Leased at $34,000/month
  • - Eight 2BR Suites & Six 1BR Suites
  •  
  • - Use AirBnB, Bookings.com, Expedia, etc
  •  
  • - Highly Differentiated SubMarket

EXECUTIVE SUMMARY

The Jacqueline Hotel is a recently renovated Suite Hotel in South Beach. Originally constructed in1947, the Jacqueline was fully gut renovated over a two-year period from 2016 to 2018. Although the Covid Pandemic delayed it’s opening in 2019, the Hotel has been in operation since November 2021. It is currently net leased at $34,000 per month although the lease can be terminated upon a sale of the property.

The Jacqueline Hotel is a legal short-term rental asset just two blocks from world-famous Lincoln Road Mall, Biscayne Bay, and the revitalized Alton Road commercial corridor. It is also easy walking distance to Flamingo Park, Ocean Drive, and the Beach! Each of the fourteen Suites has been lovingly restored and meticulously maintained- both inside and out. All Suites have been renovated with new central A/C, electrical and plumbing systems, fire sprinklers and egress equipment, fixtures and finishes, lavish furnishings, and impact windows and doors. The Jacqueline Hotel is fully ADA compliant, includes a small lobby, is appropriately licensed for daily rentals, and is fully operational.

Suite Hotels have become the “go-to” destinations for vacationers, business travelers, and those seeking a non-traditional hotel experience. The Jacqueline Hotel offers fourteen stand-alone One-Bedroom and Two-Bedroom Suites with all the comforts of home. Perfect for families, groups, or getaways, the Suite Hotel is here to stay.
See attached Offering Memorandum for additional information including an Appraisal and Projections.
 

AMENITIES

  • Balcony
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites
  • Digital key

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Suite14$72.00

 

Neal Deputy

+1 305-467-4026

Specification

General

  • 8493
  • 0.1700
  • Investment
  • RM-1 (RM-1 (Residential Multifamily- Low Intensity))
  • 1945
  • 2019
  • 14

Financials

  • 5.01

Hospitality

The Jacqueline Suites Hotel

# 325

SKU: 325

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