Worldwide Properties Presents 448 Ocean Drive, #302, Miami Beach | Condo-Hotel Investment

Worldwide Properties is pleased to present our newest South of Fifth Exclusive Listing in Miami Beach at 448 Ocean Drive, #302, Miami Beach, FL 33139. This Unique ocean-front and rarely available Condo-Hotel Investment Opportunity in South of Fifth, Miami Beach, offers a Premium Ocean Drive Location and walking distance to all the very best SoFi and South Beach has to offer including top restaurants, art galleries, shopping, and nightlife! THE LOCATION: 448 OCEAN DRIVE The Condo/Hotel is located in the heart of Miami Beach in the chic South of Fifth neighborhood and directly on Ocean Drive and 5th Street. 448 Ocean Drive is in the heart of the Art Deco District and steps to the pristine sandy beaches of South Beach and Lummus Park where you can soak up the sun all day, Ocean Five Hotel is a beachfront modern, Art-Deco inspired 5-story, 13-Suite boutique condo-hotel in South of Fifth just steps away from the sand! The hotels flexible daily rental program offers two management solutions: By Owner, with your broker, or you may elect the on-site hotel rental program. This hotel is managed meticulously by its experienced staff and most remarkable is the fee revenue sharing program at 70% Owner and 30% Hotel or 70/30. This is 10% less to the hotel and more for the owner than the commonly seen 60/40 split in favor of the Hotel. Ocean Five Hotel Amenities Include: 24 HR Valet Parking Rooftop pool Beach Towel Service Housekeeping Service State of the Art Fitness Center Meeting Room Facilities On-Site Gourmet Market THE CONDO HOTEL RESIDENCE 302 At 448 Ocean Drive, Unit #302 you will bask in panoramic views from a dramatic rotunda wall of glass looking over the Art Deco District of South Beach, Lummus Park, and the ocean! This prime corner unit is the only condo that offers three terraces in the entire condo/hotel building and boasts an oval shaped expansive sun-drenched living area with an expansive split floor-plan and wrap-around ocean views. The Condo /Hotel offers a private rooftop pool & observatory, gym, 24hr valet, bell-man services & more! The boutique concept is a favorite among families with kids as they can navigate in and out of the Condo/Hotel very easily with its boutique qualities versus a huge compound where some visitors prefer not to have long walking distances within the resort itself. Families can easily access all the local and wonderful amenities within minutes enhancing their action experience. The current owner has proudly managed the hotel operation on their own and can attest to various repeat visitors due to its unique qualities. Investment Details Perfect for investors looking for fast return supported by a Ten (10) Year proven track record of high occupancy and performance year-round. A most attractive, approximately 6% CAP RATE is in place. We should note that a typical Cap Rate for a properly performing condo-hotel unit in South Beach is usually around + -3% – 4 %, making this particular condo hotel a very attractive option. Contact Worldwide Properties TODAY for more detailed income reports or the Visit the Property in person! Call: 305.531.3100