About This Property

This offer is for 34 out of 42 studio-apartments and 4 commercial/retail spaces on the street-level (currently generating $216K NET/Year). The acquisition of the remaining 8 studio-apartments can be negotiated directly with those individual owners to own 100% of the building (Royal South Beach Hotel). All studios are turn-key, fully furnished and equipped. HOA fee includes utilities, insurances, 24/7 Front Desk service. Building was renovated in the year 2000 including new plumbing, elevator, hallways, electrical, and A/C systems to common areas. Ideal opportunity for owner-operator, hotel operators, land developers or to enhance your short-term rental portfolio. No Rental Restrictions for this Building as it is located in the Hotel District. Please review all MLS Attachments.

Key Features

• 12,000 SquareFeet Lot
• Built in 1936

Property Details

• Type: Single Family Home
• Year Built: 1936
• Lot Size: 12,000 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 12,000 SquareFeet Lot
• Feature: Built in 1936
• Status: Active
• MLS Number: 1118657689
• Days on Market: 219
• Listed By: MLS Listing
• Zip Code: 33139