763 E Pennsylvania Ave Active Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33139
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,411 sqft
Price per Sqft $634
Subdivision Royal South Beach Condo
MLS Listing ID A11663865
Style Fourplex
Construction Status Resale
HOA Fees $836/mo
HOA Y/N Yes
Year Built 1936
Annual Tax Amount $3,122
Tax Year 2023
Property Description
For sale is a portfolio of 13 fully-furnished studios at the Royal South Beach Condo/Hotel. Best South Beach location, steps to the beach, Lincoln Road & Española Way. The building is 3 stories-high with a total of 42 units and has already received its 40-Yr recertification. Units and Kitchenettes are fully equipped and legally approved for short-term/long-term rentals that may be self-managed or added to the Hotel Program (see attachments). All utilities & Concierge (24-Hr Front Desk) are included in HOA Monthly Fee. These properties can be sold individually or as the 13-unit portfolio, which totals 4,411 sq. ft. Inventory of units & Condo-Docs is included in the listing attachments. This is an AirB&B Cash Cow.
Location
State FL
County Miami-dade
Community Royal South Beach Condo
Area 42
Interior
Heating None
Cooling Central Air
Flooring Ceramic Tile,Marble,Other
Exterior
Exterior Feature Patio
Pool None
Utilities Available Cable Available
Roof Type Concrete
Porch Patio
Building
Lot Description < 1/4 Acre
Story 3
Sewer Public Sewer
Architectural Style Fourplex
Structure Type Block
Construction Status Resale
Others
Tax ID 02-42-03-270-0330
Acceptable Financing Cash,Conventional,Owner May Carry,Other
Listing Terms Cash,Conventional,Owner May Carry,Other