INVESTMENT...LOCATION... Great investment opportunity with a legal AirBnB permit in South Point with a private pool and beach access with lounge chairs and umbrellas. The building, built as the first hotel in the area, has a grandfathered permit to rent daily, which presents an opportunity for 10%+ CAP rate, combined with low monthly fees. Location is unbeatable; right in the coveted South Point area within a short walk from all of the desired restaurants and bars, without ever needing a car. This is a part of an investment portfolio sale, please inquire about the other prime units in the building (239 and 328).
Sold for $437,500 on 04/22/24
$437,500
Miami Beach, FL 33139
1beds
410sqft
Condominium
Built in 1939
-- sqft lot
$404,400 Zestimate®
$1,067/sqft
$1,878 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 22, 2024 at 08:26am
Listed by:
Michael Cohen 954-914-6643,
E PRO Realty
Bought with:
Jim Brinker, 3167060
LoKation
Source: BeachesMLS ,MLS#: F10428272
Originating MLS: Beaches MLS
Originating MLS: Beaches MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Master Bedroom Ground Level
Primary bathroom
- Features: Shower Only
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Refrigerator
- Laundry: Common Area
Features
- Interior Hall, Pantry
- Flooring: Laminate
- Windows: Blinds/Shades
- Furnished: Yes
Interior area
- Total interior livable area: 410 sqft
Property
Parking
- Parking features: None, On Street
- Has uncovered spaces: Yes
Features
- Exterior features: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Ocean Front
Details
- Parcel number: 0242032060330
- Lease amount: $0
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete
Condition
- Year built: 1939
Community & neighborhood
Security
- Security features: Lobby Secured, Tv Camera
Community
- Community features: Pool
Location
- Region: Miami Beach
- Subdivision: Ocean Walk On South Beach
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $687 monthly
Other fees
- Application fee: $100
- Pet fee: $0
Other
Other facts
- Listing terms: Cash,Conventional
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$404,400