Royal South Beach Condo-Hotel

Highlights:

• Lot Features: Central Business District, Corner Lot, Near Seaport
• Building Features: Elevator, Restaurant
• Documents Available: Aerial Photo(S), Bylaws And Documents, Copy Of Lease(S)
• Cooling: Wall/Window Unit(s)
• Heating: Wall/Window Units
• Parking Features: Loading Spaces, On Street
• Security Features: Other Fire Protection
• Insurance Expense: 1000
• Ownership: Self Proprietor/Individual

Description:

Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.