Rental Income $300,000 and up - Condo Hotel
A new trend is coming to Miami with a to-be-built property that will maximize space while keeping costs down. A condominium and hotel combo to be built in downtown Miami will feature a smart design that offers a value-luxury experience in a dynamic location. The space-efficient units will be equipped with all of the essentials, but it’s the common areas that will deliver the wow factor.
A full complement of resort-like amenities will include:
- Private residential lobby
- Elevated sun deck with pool, hot tub, and bar
- Full-service restaurant and bar with outdoor paseo
- Skytop lounge featuring game area and chef’s kitchen
- Lounge and co-work space
- Organic matcha bar
- State-of-the-art fitness center
- Private meeting rooms
Owners will have the option of participating in an attractive two-year guaranteed lease back of 8% of their purchase price. After two years, they’ll be able to place their condo into the hotel’s rental program, live in the unit, or rent it out on their own or through a service like Airbnb.
While technically not large, the units will feature open concepts with living and dining areas with the amenities of a luxury condo. The individual condos, from studios to two-bedroom units range in size from 425 sq. Ft. to 708 sq. Ft. and are being offered for sale now starting at prices of approximately $300,000.
If you are interested in learning more about this property, contact Joel Greene at Condo Hotel Center.