760 E Washington Ave Unit CU-2, Miami Beach, FL 33139

 
MLS #: A11831146
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Price: $12,000,000 MLS Number: A11831146  Commercial / Investment
 Address: 760 E Washington Ave Unit CU-2, Miami Beach, Florida 33139 USA
 Unit: CU-2
 
 Year Built: 1936
 
 Lot Square Feet: 12,000
 Lot Dimensions: 12000
 
 
 Remarks:
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.
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