OWNER MOTIVATED! Rare opportunity to buy a boutique Hotel in Miami Beach just one block away from the ocean!22 totally reconstruction (can be 23 units) + Big Lobby for Breakfast + Patio for Events, all new units with European Modern Design , sale included Brand New Furniture, 9 (nine) parking spaces on site. Hotel has been completely updated Property is currently rented for 5 years to Hotelier Group with a triple net lease with cap on prop taxes annual income of $370,000 on first year with annual increases up to $392,000 NET CAP 6.5 to 7% BOUTIQUE BUILDING 22 UNITS 11 (1 BED AND 1 BATH) WITH KITCHEN & 11 HOTEL STUDIOS WITH FRIGOBAR COFFE MAKER AND MICROWAVE VERY BIG LOBBY FOR BREAKFAST AND EVENTS