Carlos Fornaris
Carlos Fornaris
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    Key Biscayne, FL 33149
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    $980,000
    For Sale

    159 NE 6th St #2905

    Miami, FL 33132
    837 sqft | 2 beds | 2 baths | #A11929508
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    49 photos
    Type:Purchase
    Structure:Condo
    Zone:Residential

    Description

    This 2-bedroom, 2-bathroom residence has delivered excellent investment performance, generating strong revenue with nearly 70% occupancy in 2025, an outstanding result for a short-term rental property in Downtown Miami. Offered fully furnished and turnkey, the unit is ready to continue operating from day one. The property is not enrolled in the Gale hotel program, a rare and strategic advantage within the building. This allows the owner to avoid the hotel’s high management fees and maintain full control over pricing and operations through a third-party manager, resulting in more efficient net returns. Future reservations may be transferred to the new owner at closing, providing immediate income with no ramp-up period. In a building where most units are contractually tied to the hotel program, this flexible structure stands out as a compelling opportunity for investors seeking strong cash flow, lower costs, and long-term upside in a prime short-term-rental–friendly asset.

    • Property Details
        • Parking TypeGuest, Valet, No Rv/Boats, No Trucks/Trailers
        • SubdivisionNatiivo / Gale Residences, Natiivo / Gale
        • InteriorFirst Floor Entry
        • CountyMiami-Dade County
        • Exterior MaterialsOpen Balcony
        • ViewBay, Skyline
        • Property SubtypeCondominium
        • MLS #A11929508
        • MLS #A11929508
        • Property TypePurchase
        • Cost980000
        • Structure TypeCondo
        • Year Built2024
        • Hoa Fees2100
        • Bathrooms2.0
        • Square Feet837
        • Stories51
        • Bedrooms2
        • Full Baths2

    Location

    Legal

    MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

    Last Updated: Today at 10:07 AM. Source: MAOR

    Provided By
    Listing Agent: Heloisa Arazi (#3015564)
    Listing Office: AMG International Realty (#AMGI01)

    Carlos FornarisCarlos Fornaris Team
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