3 unit Hotel Condo Package Miami Beach
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3 unit Hotel Condo Package Miami Beach
3 Flex Properties Offered at $1,350,000 in Miami Beach, FL
Investment Highlights
- 3 Unit Condo Hotel Package on Miami Beach
- Ideal for owner user or an investor
Executive Summary
Unique opportunity to own 3 balcony units in a Hotel Condo that allows self management. This opportunity includes fee simple absolute ownership of the real estate and is a turn key business opportunity for an owner -investor. The Miami Beach BTR/License to operate included in the sale. Balcony Units are the most sought after and have the highest occupancy and daily rates. 2 units are complete studio units with direct unobstructed Ocean views. You can hear see and smell the Atlantic Ocean from the balconies like you are on a cruise ship. 3rd unit is a 2 bedroom 2 bath 2 story unit with ocean view - Very rare in a condo hotel and due to limited supply rents very well. Miami Beach is a world renowned destination and these apartments sit directly on the beach. Building offers tennis courts, gym ,SPA ,pool , Tiki Bar on premises along with convenience store that makes it a resort like hotel.
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$158,581
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$158,581
|
| Taxes |
$15,500
|
| Operating Expenses |
$47,904
|
| Total Expenses |
$63,404
|
| Net Operating Income |
$95,177
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $158,581 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $158,581 |
| Taxes | |
|---|---|
| Annual | $15,500 |
| Operating Expenses | |
|---|---|
| Annual | $47,904 |
| Total Expenses | |
|---|---|
| Annual | $63,404 |
| Net Operating Income | |
|---|---|
| Annual | $95,177 |
Property Facts
| Price | $1,350,000 | Status | Active |
| Price / SF | $675.00 / SF | Number of Properties | 3 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 2,000 SF |
| Price | $1,350,000 |
| Price / SF | $675.00 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,000 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Castle Beach Club Condo
5445 Collins Ave, 1st Floor - Unit L-5, Miami Beach, FL 33140 |
Flex Condo | 1,200 SF | 1966 | - |
|
Castle Beach Club Condo
5445 Collins Ave, 7th Floor - Unit 830, Miami Beach, FL 33140 |
Flex Condo | 400 SF | 1966 | - |
|
Castle Beach Club Condo
5445 Collins Ave, 8th Floor - Unit 929, Miami Beach, FL 33140 |
Flex Condo | 400 SF | 1966 | - |
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Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wi-Fi
- Smoke Free
Site Amenities
- 24 Hour Access
- Fitness Center
- Pool
- Spa
- Tennis Court
- Waterfront
- Gated
- Smoke Free
-
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3 unit Hotel Condo Package Miami Beach
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