1881 Washington Avenue Unit 5H, Miami Beach, FL 33139
$879,500 · Active
MLS #A11944737
- Price
- $879,500
- Status
- Active
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,230 sq ft
- Home type
- Condominium
- Year built
- 1966
- Full bathrooms
- 2
- Half bathrooms
- 0
- County
- Miami-Dade
- Garage spaces
- 1
- HOA fee
- $1,600 · Monthly
- Annual property taxes
- $7,858
- Subdivision
- OCTAGON TOWERS I CONDO
- Appliances & Equipment
- "Electric Water Heater" · "Dishwasher" · "Dryer" · "Electric Range" · "Ice Maker" · "Microwave" · "Refrigerator" · "Washer"
- Bathrooms
- 2 full bathrooms · 2 total decimal bathrooms · 2 total bathrooms
- Bedrooms
- 3 total bedrooms
- Building
- Built in 1966 · Living area: 1230 · Construction materials: "Block" · Toal building area: 1230
- Cooling
- "Central Air"
- Floors
- "Tile"
- Garage
- 1 space
- Heating
- "Central"
- Home Owner's Association
- Association fee: $1,600 · Association fee frequency: Monthly · Association fee includes: "Pool Service", "Common Areas", "Elevator", "Maintenance Grounds" · Association amenities: "Pool", "Fitness Center", "Sauna", "Trash Chute", "Other"
- Interior Features
- "Bedroom Layout - Split" · "Closet Cabinetry" · "Walk-In Closet(s)"
- Laundry
- "Washer Hookup" · "Dryer Hookup"
- Pets Policy
- Pets allowed: "Pet Restrictions Possible", "Yes"
- Property
- View: "Skyline", "Other"
- Elementary school
- Miami Beach Fienberg / Fisher K-8
- High school
- Miami Beach
About this home
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 bedroom with a walking closet, modern spa style bathrooms, and may be purchased furnished.The Building’s 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.
Courtesy of Luxe Properties 305-809-7650
Schedule A Tour Have a question before touring?Contact LPT Realty at (877) 366-2213 to ask about this home.