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.
- Architectural Style
- Parking Features
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33139
- Street:
- 760 E Washington Ave Cu-2, Miami Beach, Florida 33
- Longitude:
- W81° 51' 52.9''
- Latitude:
- N25° 47' 34.5''
- Building Area:
- 30,000 Sqft
- Cumulative DOM:
- 219
- DOM:
- 224
- Directions:
- 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 ***
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash
- Parcel Number:
- 02-42-03-270-0440
- Structure Type:
- Hotel/motel
- Tax Annual Amount:
- $4,951
- Virtual Tour:
- Click Here
Commercial Sale For Sale
760 E Washington Ave Cu-2, Miami Beach, Florida 33, Miami Beach, Florida 33139
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $11,900,000
- Year Built :
- 1936
- Lot Area :
- 12,000 Sqft
- MLS # :
- A11831146
- Property Sub Type :
- Hotel/motel
