7510 Harding Ave, Miami Beach FL 33141

Description

IMMACULATE 21 UNIT HOTEL IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH, VERY WELL MAINTAINED. BUILDING HAS 4 1BED/1BATH UNITS, 9 REGULAR 1 BED UNITS, AND 8 HOTEL ROOMS.
THE SORRENTO VILLAS IS CURRENTLY OPERATING BELOW COMPETITIVE SET ADR AND OCCUPANCY. THE HOTEL WILL BE OFFERED UNENCUMBERED MY MANAGEMENT, ALLOWING A NEW OPERATOR TO EMPLOY MORE AGGRESSIVE SALES, MARKETING AND REVENUE MANAGEMENT TECHNIQUES. THE SORRENTO VILLAS PRESENT AN INVESTOR WITH THE OPPORTUNITY TO ACQUIRE AN ASSET IN A HIGHLY DESIRABLE REGION, FOR A PRICE WELL BELOW REPLACEMENT COST.