760 WASHINGTON AVE #CU-2, Miami Beach
$11,900,000 USD
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| Address | 760 WASHINGTON AVE #CU-2, Miami Beach |
| Type of Property | Hotel / Motel |
| Type of Business | Hotel / Motel |
| Property Style | Hotel Non-Waterfront |
| Price | $11,900,000 |
| Previous Price | $12,000,000 (53 days ago) |
| Property Status | Active |
| MLS Number | A11831146 |
| Property Size | 12000 |
| Lot Size | 12000 |
| Year Built | 1936 |
| Folio Number | 02-42-03-270-0440 |
| Zoning Information | 6400 |
| Days on Market | 272 |
Detailed 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.
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 760 WASHINGTON AVE |
| Zip Code (4 Digits) | 6210 |
Financial Information
| Price | $11,900,000 |
| Price per Foot | $0 |
| Previous Price | $12,000,000 |
| Folio Number | 02-42-03-270-0440 |
| Tax Amount | $4,951 |
Full Descriptions
| Detailed 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. |
| Year Built Description | Resale |
| How to Reach | 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 *** |
| Parking Description | Off Site, On Street |
Property parameters
| Living Area | 12000 |
| Lot Size | 12000 |
| Total Acreage | 0.000 |
| Zoning Information | 6400 |
| Maximum Leasable Size | 12000 |
| Year Built | 1936 |
| Type of Property | Hotel / Motel |
| Type of Business | Hotel / Motel |
| Style | Hotel Non-Waterfront |
| Stories Number | 3 |
| Listed with | Best of Luxury Realty Corp. |