763 Pennsylvania Avenue Unit 103, Miami Beach, FL 33139
- $195,000
- 1
- BA
- 270
- SqFt
- List Price
- $195,000
- Price Change
- ▼ $5,000 1783718767
- Days on Market
- 36
- MLS#
- A12044308
- Full Bathrooms
- 1
- Sq. Ft
- 270
- Subtype
- Condominium
- County
- Miami-Dade
- Subdivision
- Royal South Beach Condo
- Year Built
- 1936
Property 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.
Additional Information
- Hoa
- Yes
- Hoa Amount
- 836
- Pets Allowed
- No
- Construction
- Block
- Cooling
- Wall/Window Unit(s)
- Flooring
- Ceramic Tile
- Heating
- Wall Furnace
- Security
- Security System, Lobby Secured
- Taxes
- $2,500
- View
- Other
- Amenities
- Elevator(s), Home Owners Association, Laundry, Maintenance Grounds, Other, Trash
- Stories
- 3
- Price Per Sqft
- $722
- Elementary School
- Miami Beach South Pointe
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
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Agent: Dennys E. Gonzalez | Email: dg@bestofluxuryrealty.com