FL
FL 33139,760 E Washington Ave #CU-2
FL 33139,760 E Washington Ave #CU-2
FL 33139,760 E Washington Ave #CU-2
FL 33139,760 E Washington Ave #CU-2
FL 33139,760 E Washington Ave #CU-2
FL 33139,760 E Washington Ave #CU-2
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Jimmy Morales

Jimmy Morales

+1(954) 237-4211
$ 12,000,000
Est. payment | /mo

30,000 SqFt

Save Virtual Tour
$ 12,000,000
Est. payment | /mo
Save Virtual Tour

30,000 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 30,000 sqft

Price per Sqft $400

MLS Listing ID A11831146

Style Detached

Construction Status Resale

HOA Y/N No

Year Built 1936

Annual Tax Amount $4,951

Lot Size 0.275 Acres

Property Sub-Type Hotel/Motel

Property Description

Royal South Beach Condo-Hotel was built in 1936 with 42 Residential Units (4 1bed/1bath and 38 studios) and 4 ground-level Commercial Units facing Washington Avenue. This offer is for 33-units (approximately 10,083 Sq. Ft.) with a mix of studios and 1-bedroom units, all individually renovated and fully equipped. Property is licensed for transient occupancy or nightly rentals without restrictions. Each property individual owned with separate folio #'s. HOA fee per unit includes all utilities, insurances and 24/7 Front Desk service. Offer includes the entire ground-level commercial spaces (approximately 8,000 Sq. Ft.); generating a Net Annual Revenue of $216,000. Building renovated in 2000, including new plumbing, elevator, hallways, electrical, and A/C systems to common areas.

Location

State FL

County Miami-dade

Area 42

Direction Royal South Beach Condo-Hotel at 760 E Washington Avenue, Miami Beach *** Hotel Entrance Located at 763 Pennsylvania Ave ***

Exterior

Private Pool Yes

Building

Architectural Style Detached

Construction Status Resale

Others

Tax ID 02-42-03-270-0440

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831146

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Best of Luxury Realty Corp.
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Find out why customers are choosing LPT Realty to meet their real estate needs

+1(954) 237-4211

jimmy@thejamteam.com

333 SE 2nd Ave, Miami, FL, 33131, USA

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760 E Washington Ave #CU-2