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1881 Washington Ave, Unit 5H

Miami Beach, FL

Listing Details

  • $879,500
  • MLS# A11944737
  • Type Residential - Condominium
  • Status Active
  • 3
    Bedrooms
  • 2 full
    Bathrooms
  • 1,230
    Square Feet
  • 1966
    Year Built

Description

Great second home located in front of the Miami Beach Convention Center, just two blocks to Billionaires Beach which sits at the heart of South Beach and walking distance to Lincoln Road which is undergoing a beautification project (see articles and links below).The unit is licensed for short term rental. Proforma gross revenue is estimated at $122K to $144K per annum (provided by two professional management firms) which translates to a 10% cap rate. Perfect for those looking to get away and clear their heads and experience a change in venue while maximizing their income.The unit features hurricane glass windows, gourmet kitchen, large master... Read more bedroom with a walking closet, modern spa style bathrooms, and may be purchased furnished.The Buildings leadership is proactive and well managed. As such planned and budgeted its future projects and took the initiative to obtain a loan and have fully funded reserves. In addition, the building has set up the budget for the SIRS requirement and funding.Ongoing building projects near completion elevator replacement and fire system. Most notable completed projects pool upgrade, electronic tele-entry access, cameras, structural review and repairs. Some future projects include hallway flooring and lobby upgrade.

Key Features

  • East Of Us1
  • Other
  • Closet Cabinetry
  • Fire Sprinklers
  • French Doors
  • Split Bedroom
  • Walk-In Closet(s)
View All Features
1881 Washington Ave 5H
Miami Beach, FL 33139
Subdivision
OCTAGON TOWERS I CONDO
County
Miami-Dade
Schools
Miami Beach
Nautilus

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Residential - Condominium
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Association Amenities: Exercise Room, Other, Pool, Sauna, Trash Chute
  • Cooling: Central Air
  • Crops Included Y/N: No
  • Days on Site: 125
  • Door Features: French Doors
  • Exterior: Concrete Block Construction
  • Exterior Features: East Of Us1,Other
  • Flooring: Tile
  • Garage: 1
  • Heating: Central
  • HOA Fee: 1600/ Monthly
  • Home Style: High Rise
  • Home Warranty Y/N: No
  • Interior Features: Closet Cabinetry, Fire Sprinklers, French Doors, Split Bedroom, Walk-In Closet(s)
  • Laundry: Washer/Dryer Hook-Up
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional
  • Parcel#: 02-32-34-094-1020
  • Parking: 1 Space
  • Parking Notes: 1 Space
  • Pets Allowed: Restrictions Or Possible Restrictions
  • Property Attached Y/N: Yes
  • Property Sub-Type: Condominium
  • Sauna: Yes
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Doorman, Phone Entry, Lobby Secured, Other
  • Special View Info: Other View, Skyline
  • Stories: 16.0
  • Taxes: $7,858
  • Window: High Impact Windows, Impact Glass
  • Year Built: 1966