a cash flow producing income property

For sale


Property ID

5,928 SqFt



Are you looking for a cash flow producing income property every month? 167 NW 38th St. Is a lovely remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach.

The property has undergone a complete gut renovation over the past 3 years.

All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2022.

The property is currently being marketed 100% occupied as a short-term income-producing property, its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more.

Unique development like that in this hottest area in Miami.


  • Lot Features: City Location
  • Documents Available: Appraisal
  • Cooling: Other
  • Heating: Central Electric
  • Flooring: Tile, Vinyl
  • Construction Materials: Insulated, Sheet Rock
  • Parking Features: Free Parking, On Street
  • Security Features: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Security Fence, Security Gate, Security Lights
  • Buyer Agency Compensation: 3%
  • Ownership: Corporation
  • Showing Instructions: Call Listing Agent

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Address: 167 NW 38th St, Miami, FL
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 8956
  • Price $3,500,000
  • Property Type Hotel
  • Property status For sale
  • Year Built 1925
  • Size 5,928 SqFt
  • Keys 8
  • Floors 2


Cynthia Hill

Property Agent
+1 305-967-7200
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