27
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$12,000,000
Est. payment /mo
30,000 SqFt
Active
760 E Washington Ave #CU-2 Miami Beach, FL 33139
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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
HOA Y/N No
Year Built 1936
Annual Tax Amount $4,951
Lot Size 0.275 Acres
Property Sub-Type Hotel/Motel
Property Description
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.
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 *** *** Commercial Spaces all facing Washington Ave ***
Exterior
Private Pool Yes
Building
Story 3
Architectural Style Detached
Others
Tax ID 02-42-03-270-0440
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831146
Listed by Best of Luxury Realty Corp.
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