Current Use by Public Records
- Apartment buildings
Property Details for 763 Pennsylvania Ave
- Year built
- 1936
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a portfolio of thirteen fully furnished studios within the Royal South Beach Condo, a three-story building constructed in 1936 and recently recertified. Ideally situated in Miami Beach, Florida, at 763 E Pennsylvania Ave, 33139, this property boasts a prime location steps from the beach, Lincoln Road, and Española Way. The 13 units, totaling 4,411 square feet, are fully equipped kitchenettes, legally approved for both short-term and long-term rentals. Owners can choose self-management or participate in the hotel program. The building's 24-hour front desk and concierge services, along with all utilities, are included in the HOA monthly fee. Complete unit inventory and condo documents are available. This multifamily property (Apartment Building, Duplex/Triplex/Quadruplex subtype) offers significant potential for rental income, making it an attractive investment. The asking price for the entire portfolio is $2,800,000. The building comprises 42 units in total.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1338
- Latitude
- 25.7782
