Sales launch for Biscayne Boulevard condos that will double as short-term rentals
Investors flock to short-term rental condo projects in Miami
Developers of short-term rental-friendly condo projects in Miami are experiencing quick sellouts, as investors and end-users flock to more affordable units.
The projects offer units priced as low as the $300,000s, close to what a starter home would cost, in a market that has become out of reach for so many prospective buyers and renters. That appeals to investors, who are snapping them up to generate rental income, experts say.
Fortune Launches Condo Sales of Nexo in North Miami Beach
Fortune International Group, a residential real estate development, sales and marketing firm with nearly 40 years of experience in South Florida, partnered with Blue Road, a Florida-based developer of hospitality, residential, commercial and mixed-use projects, to launch the sales for Nexo Residences.
Nexo’s residences are priced from the $400,000s featuring studios to four-bedroom townhomes ranging from about 525 to 2,190 interior square feet. Each homeowner has the choice to rent their residence for short-, seasonal or long-term durations without listing limitations, making it a coveted property type for investors or residents seeking personal leisure.