763 E Pennsylvania Ave
Miami Beach, FL 33139
#A11811796
Description
Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.
Property Details
- Lot DescriptionCentral Business District, Corner Lot, Near Seaport
- Parking TypeLoading Spaces, On Street
- Property SubtypeBusiness Opportunity
- Sewer InformationPublic Sanitation
- CountyMiami-Dade County
- Structure TypeHotel/Motel
- MLS #A11811796
- MLS #A11811796
- Property TypePurchase
- Cost7590000
- Utility SourcePublic
- Year Built1936
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Dennys Gonzalez (#3210080)
Listing Office: Best of Luxury Realty Corp. (#BLRC01)
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