28
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$12,000,000
Est. payment /mo
30,000 SqFt
New
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
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
Listed by Best of Luxury Realty Corp.