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Alton Suites 801-815 Alton Rd 20 Unit Apartment Building $6,750,000 ($337,500/Unit) Miami Beach, FL 33139
INVESTMENT HIGHLIGHTS
- Turnkey 20-unit hospitality / short-term rental property in a high-demand Miami Beach corridor
- Renovated, fully furnished units with modern interiors, full kitchens or kitchenettes, and on-site laundry
- Surrounded by major redevelopment activity, enhancing long-term land value and future repositioning potential
- Prime Alton Road frontage with strong visibility, walkability, and access to major retail anchors
- Consistently strong occupancy and ADR performance, supported by both leisure and business travel demand
- Flexible operational model suitable for nightly STR, extended stays, corporate housing, or hybrid use
EXECUTIVE SUMMARY
The Porosoff Group is pleased to exclusively present 807 Alton Road, a 20-unit hospitality asset located along one of Miami Beach’s most dynamic and rapidly transforming
commercial corridors. Positioned on Alton Road between 8th and 9th Street, the property offers exceptional visibility, walkability, and demand drivers, making it an ideal opportunity for investors seeking a stabilized cash-flowing short-term rental asset or a flexible hospitality operation with long-term upside.
The property features 20 renovated, fully furnished units, each designed with modern interiors, efficient layouts, and guest-friendly amenities including full kitchens or
kitchenettes, Wi-Fi, and on-site laundry. Its central location provides immediate access to Whole Foods, Publix, Flamingo Park, South of Fifth, and Miami Beach’s premier retail and dining destinations.
With strong year-round occupancy, reliable ADR performance, and proximity to billions of dollars in new development along the Alton Road corridor, 807 Alton Road represents a
rare opportunity to acquire a turnkey hospitality property in a high-growth submarket with significant future upside, both operationally and through potential redevelopment.
commercial corridors. Positioned on Alton Road between 8th and 9th Street, the property offers exceptional visibility, walkability, and demand drivers, making it an ideal opportunity for investors seeking a stabilized cash-flowing short-term rental asset or a flexible hospitality operation with long-term upside.
The property features 20 renovated, fully furnished units, each designed with modern interiors, efficient layouts, and guest-friendly amenities including full kitchens or
kitchenettes, Wi-Fi, and on-site laundry. Its central location provides immediate access to Whole Foods, Publix, Flamingo Park, South of Fifth, and Miami Beach’s premier retail and dining destinations.
With strong year-round occupancy, reliable ADR performance, and proximity to billions of dollars in new development along the Alton Road corridor, 807 Alton Road represents a
rare opportunity to acquire a turnkey hospitality property in a high-growth submarket with significant future upside, both operationally and through potential redevelopment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $6,750,000 | Building Class | C |
| Price Per Unit | $337,500 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 14,518 SF |
| No. Units | 20 | Average Occupancy | 85% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1945 |
| Apartment Style | Low-Rise | ||
| Zoning | CD2 - Commercial, Medium-Intensity” | ||
| Price | $6,750,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 14,518 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1945 |
| Zoning | CD2 - Commercial, Medium-Intensity” |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 19 | - | 635 |
| 2+1 | 1 | - | 1,000 |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 02-4203-014-0380 | Improvements Assessment | $1,061,156 |
| Land Assessment | $3,758,750 | Total Assessment | $4,819,906 |
PROPERTY TAXES
Parcel Number
02-4203-014-0380
Land Assessment
$3,758,750
Improvements Assessment
$1,061,156
Total Assessment
$4,819,906
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Alton Suites | 801-815 Alton Rd
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