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$195,000
1 Baths ⋅ A12044308 MLS ⋅ Royal South Beach Condo BLDG.
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.

763 Pennsylvania Ave Unit #103, Miami Beach
$170,000
1 Baths ⋅ A11790485 MLS ⋅ Royal South Beach Condo BLDG.
A great offer to have an affordable beach condo in one of the country’s most iconic vocational destinations + to receive easy passive income. You can stay in the apartment yourself or to rent it daily, weekly, monthly! ROYAL SOUTH BEACH CONDO is one of the few buildings in Miami Beach approved for Full AIRBNB / Short-Term Rentals with no restrictions. ALL the utilities are covered by HOA fee: unlimited electricity, unlimited water usage, cable TV, Wi-Fi, 24/7 front desk, trash removal and all the buildings expenses including building insurance. Friendly front desk staff will meet you or your guests with a smile on their faces. They will check your guests in, check them out, answer all their questions and even hold their luggage before checking in or after checking out if needed.

763 Pennsylvania Ave Unit #130, Miami Beach