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727 Collins Ave
Miami Beach, FL 33139
South Beach Historic Landmark · Multifamily Property For Sale
·
25 Units
Investment Highlights
- 10-year master hospitality lease at $90,000/month — $1,080,000 annually, commenced January 2026 with 9.4 years remaining
- Operator absorbs all utilities, maintenance, and landscaping — ownership pays only taxes and insurance
- Keyless entry with no front-desk staffing and no hotel management platform to acquire — zero operational overhead
- 4,800 SF clear-span ground-floor retail delivered vacant — $50/SF NN adds $240,000 and lifts NOI to $1,229,429 (6.15% stabilized cap)
- All 25 units fully renovated with complete kitchens — supports extended-stay demand and higher achieved rate
- 1930 historic landmark on a 7,000 SF MXE barrier-island parcel with 60 ft of Collins Ave frontage — one block from Ocean Drive
Executive Summary
Fausto Commercial is pleased to present 727 Collins Avenue, a fully renovated 1930 historic landmark delivering institutional-quality, low-management income on Miami Beach's lower Collins Avenue corridor. The four-story building holds 25 hospitality/residential units across floors two through four plus approximately 4,800 SF of clear-span ground-floor retail.
Floors two through four are encumbered by a ten-year master hospitality lease commencing January 2026 at $90,000 per month — $1,080,000 annually — with 9.4 years of term remaining. The operator covers all core building utilities, maintenance, and landscaping, leaving ownership responsible strictly for real estate taxes and insurance. That structure delivers in-place NOI of $966,000 and a 4.83% going-in cap rate with effectively no management burden.
The 4,800 SF ground-floor retail is delivered vacant and unpriced. Leased at a conservative $50 per SF NN, it adds $240,000 annually and lifts NOI to $1,229,429 — a 6.15% stabilized cap rate. Every unit is fully renovated with a complete kitchen, a differentiator in a market where most comparable hospitality inventory offers none. Keyless entry-code access with no front-desk check-in means no lobby staffing, no back-of-house labor, and no hotel management platform to acquire.
Zoned MXE on a 7,000 SF barrier-island parcel with 60 feet of unobstructed Collins Avenue frontage, one block from Ocean Drive and two blocks from the Atlantic. Neighboring tenancy includes Everlast at 735 Collins, Vivienne Westwood at 736 Collins, and LSPACE at 660 Collins. Fully renovated and current on all required certifications.
Floors two through four are encumbered by a ten-year master hospitality lease commencing January 2026 at $90,000 per month — $1,080,000 annually — with 9.4 years of term remaining. The operator covers all core building utilities, maintenance, and landscaping, leaving ownership responsible strictly for real estate taxes and insurance. That structure delivers in-place NOI of $966,000 and a 4.83% going-in cap rate with effectively no management burden.
The 4,800 SF ground-floor retail is delivered vacant and unpriced. Leased at a conservative $50 per SF NN, it adds $240,000 annually and lifts NOI to $1,229,429 — a 6.15% stabilized cap rate. Every unit is fully renovated with a complete kitchen, a differentiator in a market where most comparable hospitality inventory offers none. Keyless entry-code access with no front-desk check-in means no lobby staffing, no back-of-house labor, and no hotel management platform to acquire.
Zoned MXE on a 7,000 SF barrier-island parcel with 60 feet of unobstructed Collins Avenue frontage, one block from Ocean Drive and two blocks from the Atlantic. Neighboring tenancy includes Everlast at 735 Collins, Vivienne Westwood at 736 Collins, and LSPACE at 660 Collins. Fully renovated and current on all required certifications.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 441 - 500 |
| 2+2 | 8 | - | 664 - 1,072 |
| 4+2 | 1 | - | - |
Property Taxes
| Parcel Number | 02-4203-004-0230 | Improvements Assessment | $1,449,452 |
| Land Assessment | $3,500,000 | Total Assessment | $4,949,452 |
Property Taxes
Parcel Number
02-4203-004-0230
Land Assessment
$3,500,000
Improvements Assessment
$1,449,452
Total Assessment
$4,949,452
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