About 763 Pennsylvania Avenue #103
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.
Features of 763 Pennsylvania Avenue #103
| MLS® # | A12044308 |
|---|---|
| USD | $195,000 |
| CAD | $269,890 |
| CNY | 元1,308,645 |
| EUR | €167,901 |
| GBP | £143,493 |
| RUB | ₽16,874,891 |
| HOA Fees | 836 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 270 |
| Year Built | 1936 |
| Type | Residential |
| Sub-Type | Condominium |
| Unit Floor | 2 |
| Status | Active |
| HOPA | Yes |
Community Information
| Address | 763 Pennsylvania Avenue #103 |
|---|---|
| Area | 2420 |
| Subdivision | ROYAL SOUTH BEACH CONDO |
| City | Miami Beach |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33139 |
Amenities
| Amenities | Elevator(s), Laundry, Other, Trash Chute, Maintenance |
|---|---|
| View | Other |
| Is Waterfront | No |
| Has Pool | No |
| Pets Allowed | No |
Interior
| Interior Features | Elevator |
|---|---|
| Appliances | Electric Range, Microwave, Refrigerator |
| Heating | Window/Wall |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Construction | Block |
|---|
School Information
| Elementary | Miami Beach South Pointe |
|---|---|
| Middle | Miami Beach Nautilus |
| High | Miami Beach |