About This Home
This 0-bedroom, 1-bathroom condo at 763 Pennsylvania Ave in Miami Beach, FL is listed for $200,000 ($741 per sqft). Built in 1936, the home offers 270 sqft of living space on a N/A lot.
Key Features
- Built in 1936
- 3 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$1,906/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
763 Pennsylvania Ave
Miami Beach, FL 33139
ROYAL SOUTH BEACH CONDO
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 1-bathroom condo at 763 Pennsylvania Ave is listed at $200,000 ($741/sqft). The estimated monthly payment is $1,905 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $836/month.
Key features include: Built in 1936, 3 stories. Interior Features: Handicap Access, Elevator. Exterior Features: Deck.
This property is listed by Dennys Gonzalez and can be reached at 7863067965.
