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$ 11,900,000
Est. payment /mo
Price Dropped by $100K
760 E Washington Ave #CU-2 Miami Beach, FL 33139
30,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $396
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
This offer is for 34 out of 42 studio-apartments and 4 commercial/retail spaces on the street-level (currently generating $216K NET/Year). The acquisition of the remaining 8 studio-apartments can be negotiated directly with those individual owners to own 100% of the building (Royal South Beach Hotel). All studios are turn-key, fully furnished and equipped. HOA fee includes utilities, insurances, 24/7 Front Desk service. Building was renovated in the year 2000 including new plumbing, elevator, hallways, electrical, and A/C systems to common areas. Ideal opportunity for owner-operator, hotel operators, land developers or to enhance your short-term rental portfolio. No Rental Restrictions for this Building as it is located in the Hotel District. Please review all MLS Attachments.
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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