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.