The most interesting products right now are related to short term rentals since the rental policy in most residential buildings is restricted to 1-2 a year, min 6 months to a year. So, this kind of rentals open a new windows for tourist, entrepreneurs and business executive who come to Miami for short term of periods, allowing the investor to get higher rent prices and generate a better return for their money.
This project is located in the city of Doral, where most of the communities are use for residential purposes. Doral is home to Fortune 500 companies and government headquarters such as: Carnival Cruisers, Sears, Hellman Worldwide Logistics, United States Southern Command, Univision, Gold Coast Beverage (Pepsi-Cola). Telemundo recently moved their offices to the area. All theses companies provides customers for this kind of product.
The building has 20 stories and offers 248 residences from Studios to 3 bedroom apartments. Great amenities are included for its residents such as infinitive swimming pool, fitness room, children’s play room, party room, massage and sauna room, gym, little golf, chess and others. As the building is been constructed in front of the Downtown Doral Park, the future residents have the option to select residences with striking views of the and the city of Miami.
This building stands out from any other option in the city thanks to the possibility of temporary leasing, plus the location and the lifestyle in the surrounding areas. The comfort of living in this building allows people to reach everything just by walking, a lifestyle that is not common in Doral City, go to school, supermarket, medical center, restaurants, without driving your car. If the residents have children, the best education is around the corner, because living there give you priority access to one of the best charter school in Doral that offers a bilingual program: English / Spanish or English /Portuguese..
This building offers for its buyers the possibility of weekly rental (minimum 7 days), 52 times a year, this feature allows future residents enjoy their property when coming to Miami, but at the same time rent it when they are not using it. Another unique feature of this project is that the 2 and 3 bedrooms apartments can be separated into two different units, since they have two front doors to get in the property. Below you will find the floorplan and you will see that the apartment can be split in two separate units, one as a studio totally independent with its own bath and entry that can be rented for a short period of time, and the other side, that become as a 1 or 2 bedrooms apartment can be rented per weeks or annually.
The building is actually under construction, is expected to be ready by the end of 2019. The developer is asking for 50% at contract and the remaining 50% at closing. There are only few units left and no more studios are available.
1 Bedroom / 1 bathroom
2 bedrooms / 2 bathrooms
3 bedrooms / 3 bathrooms
$0.46 per Sqft – Include: water, hot water, basic cable, internet, amenities, building insurance.
This is one highly recommend project in the city, not only for the uniqueness of its rental policies, but also because of its location, finishes, walkability and lifestyle.