Offering this 270 sq. ft. Condo-Studio with no Rental Restrictions. A perfect vacation home, or income-producing property with approved nightly-rentals that can be self-managed. Optional Hotel Rental Program is available. HOA fee is $836 monthly, inclusive of all utilities, insurances and 24/7 front desk concierge services. Property is in the… Read More Royal South Beach Condo-Hotel. Main entrance at Pennsylvania Ave & 8th Street (west), facing Washington Ave (east side). Property built in 1936 with 42 residential units (4 1bed/1bath & 38 studios), and 4 ground-level commercial/retail spaces operating as a restaurant-bar and convenience store. Elevator to access 2nd and 3rd floors (residential units), and a private sundeck on second floor. This is a spectacular location, at the heart of South Beach's entertainment and hotel district within a short walk to publicly accessed beaches along renowned Ocean Drive. This offering is for Unit # 103, on the second floor, priced at $200,000. However, I am offering an additional 17 units as an 18-unit package deal for $3.6M. Additionally, I am offering the 4 commercial spaces on ground-level at an additional $2.8M. There is flexibility to purchase this single unit, a batch of several units, or the entire package comprised of 18 condo units and the 4 commercial spaces (all fully rented). The building passed its 40-Yr Recertification. The 50-Yr Recertification process is pending with the engineering report and cost estimate already in place. Read Less
Courtesy of Best of Luxury Realty Corp. 305-407-1657
Listing Snapshot
Days Online
17
Last Updated
Property Type
Condominium
Full Baths
1
Square Ft.
270
Year Built
1936
MLS Number
A12044308
30 Days Snapshot Of 33139
$1.59M
+4%
(avg) sold price
67
-9%
homes sold
142
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1936, Living area: 270, Construction materials: "Block", Toal building area: 270
Appliances & Equipment
"Electric Range", "Microwave", "Refrigerator"
Cooling
"Wall/Window Unit(s)"
Floors
"Ceramic Tile"
Heating
"Window/Wall"
Home Owner's Association
Association fee: $836, Association fee frequency: Monthly, Association amenities: "Maintenance", "Elevator(s)", "Laundry", "Trash Chute", "Other"
Interior Features
"Elevator"
Pets Policy
Pets allowed: "No"
Property
Patio and porch features: "Deck"
Security Features
"Lobby - Attended", "Security System"
Taxes
Annual amount: $2,500
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