Sold

1024 Ocean Dr Unit A202, Miami Beach, FL 33139

Bath
1
Sqft
516
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byVera Realty LLC
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Overview

Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of stories
4
Number of bathrooms
1
Square feet
516
Year built
1964

Exterior features

Pool
Yes

Utilities

Heating
Other
Cooling
Central air

Estimated monthly costs

HOA Fees
$1,730

Taxes

Tax Annual Amount (2024)
$5,381

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MIAMI REALTORS MLS MLS®#: A11824939 Last checked:

Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.