763 Pennsylvania Ave # 103, Miami Beach FL 33139

Description of 763 Pennsylvania Ave # 103, Miami Beach FL 33139

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.

Property Details for 763 Pennsylvania Ave # 103, Miami Beach FL 33139

Bathrooms Full

1

Bathrooms Half

0

Interior Features

Elevator

Appliances

Electric Range, Microwave, Refrigerator

Flooring

Ceramic Floor

Heating

Window/Wall

Cooling

Wall/Window Unit(s)

Garage Spaces

0

Parking Features

None

Pool Private

No

Year Built Details

Resale

Building Information for 763 Pennsylvania Ave # 103, Miami Beach FL 33139

Building Name

ROYAL SOUTH BEACH CONDO

Building Area Total

270

Building Area Units

Square Feet

Stories Total

3

Entry Level

2

Association

Yes

Association Fee

$836

Association Fee Frequency

Monthly

Association Amenities

Laundry, Elevator(s), Other, Trash Chute

Pets Allowed

No

Security Features

Doorman, Lobby Secured

Property Information for 763 Pennsylvania Ave # 103, Miami Beach FL 33139

Lot Size Square Feet

0

Waterfront

No

View

Other View

Construction Materials

Concrete Block Construction

Exterior Features

None

New Construction

No

Public Records for 763 Pennsylvania Ave # 103, Miami Beach FL 33139

Parcel Number

02-42-03-270-0050

Tax Annual Amount

$2,500

Tax Year

2,025

Tax Legal Description

ROYAL SOUTH BEACH CONDO UNIT 103 UNDIV 270/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692 COC 24514-3266 03 2006 1

County Or Parish

Miami-Dade County

Schools Near 763 Pennsylvania Ave # 103, Miami Beach FL 33139

Elementary School

South Pointe

Middle School

Nautilus

High School

Miami Beach

School assignments are provided by the listing and should be independently verified.

Location