In the heart of Edgewater, unique and hard to find beautiful Mediterranean-style building. Ideal for adaptative reuse as hospitality assets. 3 storey building with 20 units fully renovated, gross area of 20,367 sq ft in 0.4311 +/- acre lot size. Favorable T6-36A (O) Zoning designation allows for the building of a 65 unit +/- residential apartment building. Designated as a historic district in 2013 by the City of Miami. Property is eligible to transfer unused development rights for additional income and ROI. 100% occupied, over 32K rent income per month. The layout includes studios, 1/1 and 2/1 apartments.
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