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 (132 and 239).
Property Features
Bedrooms
- Bedrooms: 1
- Bedrooms On Main Level: 1
- Primary Bedroom Description: Shower Only
Interior Features
- Pantry
- Window Features: Blinds/Shades
Heating and Cooling
- Cooling Features: Central Cooling
- Heating Features: Central Heat
Bathrooms
- Full Bathrooms: 1
- Bathrooms On Main Level: 1
Waterfront and Water Access
- Waterfront Description: Ocean Front
Garage and Parking
- Parking Features: Street Parking
Homeowners Association
- Association: Yes
- Association Fee: 545
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 545
- Pet Description: No Restrictions
Amenities and Community Features
Condo Info
- Unit Floor In Building: 3
Multi-Unit Info
Other Property Info
- Annual Tax Amount: 4846
- Source Listing Status: Active
- County: Miami-Dade County
- Directions: Ocean Drive, South of 5th Street, on the Beach Side
- Tax Year: 2022
- Source Property Type: Condo/Co-Op/Villa/Townhouse
- Area: 42
- Property Subtype: condo
- Source Neighborhood: Ocean Walk On South Beach
- Parcel Number: 02-42-03-206-0320
- Postal Code Plus 4: Post
- Subdivision: Ocean Walk On South Beach
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 410
- Year Built: 1939
- Construction Materials: Concrete Block Construction
- Property Age: 85
- Structure Type: Condo 1-4 Stories
- Year Built Details: Resale
Home Features
- Other Equipment: Dishwasher, Disposal, Electric Range, Refrigerator
- Security Features: Lobby Secured, Tv Camera