This property is courtesy of Gray & Associates Prop. Inc..
This studio is the least expensive short term rental in south beach. Only 5 or 6 buildings in south beach are legally allowed to rent units short term.. There is huge profit in short term rentals vs. Annual rentals. The unit has been grossing $3,000 per m onth. It's very small and has no view but budget minded guests don't mind. The unit rents for $89 weeknights and $129 weekends.. As hotel prices rise so does your income. You could probably raise rates right now. Building has direct beach access pool