A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating 1M+ in gross annual revenue with a 5.13% cap rate and 436,287 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids lounge, and tropical grounds, rare for North Beach at this price point. The numbers speak clearly: 50% LTV financing, 113,970 annual cash flow after debt service, a projected 10.79% levered IRR, 2.57x equity multiple, and 7M+ in profit over a 10-year hold. Four exit strategies redevelop, rebrand, hold, or resell with no capital restructuring required. Miami Beachs stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesnt offer twice. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.