Basics
- Category: CommercialSale
- Type: HotelMotel
- Status: Active
- Bathrooms: 0
- Floors: 3
- Lot size: 12000, 12000 sq ft
- Year built: 1936
- County: Miami-Dade
- MLS ID: A11831146
Description
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Description:
ROYAL SOUTH BEACH CONDO UNIT CU-2 UNDIV 638/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692 Condo-Hotel licensed for transient occupancy or nightly rental (AirBnB). No rental restrictions! The building has a total of 42 units (4 1bed/1bath and 38 studios). In addition, 4 ground level retail spaces facing busy Washington Avenue and generating $216K Yearly NET. This offer is for 33 of the 42 units and all the commercial spaces. The remaining 9 units can be negotiated for 100% acquisition of the building. Each unit is an individual folio #, fully furnished and equipped. HOA fee includes utilities, insurances, 24/7 Front Desk service. Building renovated in 2000 including new plumbing, elevator, hallways, electrical, and A/C systems to common areas. Please review all MLS Attachments. Ideal opportunity for hotel operators, developers or to enhance a short-term rental portfolio.
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Location
- Directions: Royal South Beach Condo-Hotel at 760 E Washington Avenue, Miami Beach *** Hotel Entrance Located at 763 Pennsylvania Ave *** *** Commercial Spaces all facing Washington Ave ***
Building Details
- Structure Type: HotelMotel
- Architectural Style: Detached
- Covered Spaces: 0
- Number Of Buildings: 1
Amenities & Features
- Parking Features: OnStreet
Expenses, Fees & Taxes
- Tax Annual Amount: $4,951
Miscellaneous
- List Office Name: Best of Luxury Realty Corp.
- Listing Terms: Cash
Ask our real estate expert about this property
This HotelMotel-type commercial real estate is located in FL, Miami Beach was built in 1936, and is listed at $12,000,000.