763 Pennsylvania Avenue 103,Miami Beach, FL 33139
Miami Beach, FL 33139
Description
Offering this 270 sq. ft. Condo-Studio with no Rental Restrictions. A perfect vacation home, or income-producing property with approved nightly-rentals that can be self-managed. Optional Hotel Rental Program is available. HOA fee is $836 monthly, inclusive of all utilities, insurances and 24/7 front desk concierge services. Property is in the Royal South Beach Condo-Hotel. Main entrance at Pennsylvania Ave & 8th Street (west), facing Washington Ave (east side). Property built in 1936 with 42 residential units (4 1bed/1bath & 38 studios), and 4 ground-level commercial/retail spaces operating as a restaurant-bar and convenience store. Elevator to access 2nd and 3rd floors (residential units), and a private sundeck on second floor. This is a spectacular location, at the heart of South Beach's entertainment and hotel district within a short walk to publicly accessed beaches along renowned Ocean Drive. This offering is for Unit # 103, on the second floor, priced at $200,000. However, I am offering an additional 17 units as an 18-unit package deal for $3.6M. Additionally, I am offering the 4 commercial spaces on ground-level at an additional $2.8M. There is flexibility to purchase this single unit, a batch of several units, or the entire package comprised of 18 condo units and the 4 commercial spaces (all fully rented). The building passed its 40-Yr Recertification. The 50-Yr Recertification process is pending with the engineering report and cost estimate already in place.
Details
| MLS # | A12044308 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $836 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1936 |
| Days On Site | 73 |
| Listing Provided By | Best of Luxury Realty Corp. | Dennys E. Gonzalez |
Features
| Bath(s) | 1 Total |
|---|---|
| SQ Feet | 270 |
| Story(s) | 3 |
| Property View | Yes |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2500 |
|---|
Location
| Community Features | Home Owners Association |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2420 |
| Community Name | ROYAL SOUTH BEACH CONDO |
| Listing VS Median (in ROYAL SOUTH BEACH CONDO) | |
Price: $195,000 low | high Med: $183,000 sqft: 270 low | high Med: 282 $ / sqft: $722 low | high Med: $649 On site: 73 low | high Med: 192 | |
Market Activity 33139
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2420 |
| Community Name | ROYAL SOUTH BEACH CONDO |
| Listing VS Median (in ROYAL SOUTH BEACH CONDO) | |
Price: $195,000 low | high Med: $183,000 sqft: 270 low | high Med: 282 $ / sqft: $722 low | high Med: $649 On site: 73 low | high Med: 192 | |
