Extremely rare, fully licensed short term rental multi family building in the heart of South Beach, just blocks from Lincoln Rd & the Ocean. Due to strict municipal zoning laws, one of very few buildings in the area to be licensed for short term rentals, grandfathered in from prior to 2012. This Art Deco Gem, aka "Le’toile” features 4 spacious units, two 2 bedroom units & two 1 bedrooms. One of the units has an extra den/bedroom for potential added rental premium. The property features 3990 interior SF, a large pool & pool deck, impact windows, vaulted ceilings, front yard, parking area, fully gated and a large second floor patio overlooking lush landscaping & the private pool. Incredible upside through capital improvements & an opportunity to convert into a single family home/Mansion.