Property Description
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.
Details
| List Price: | $315,000 |
|---|---|
| Unit: | # A202 |
| Address: | 1024 Ocean Dr #A202 Miami Beach FL 33139 |
| Bedrooms: | 0 |
| Bathrooms: | 1 |
| Living Area (f2): | 516 |
| Living Area (M2): | 48 |
| Year Built: | 1964 |
| Waterfront: | n/a |
|---|---|
| Taxes: | $5,381 (2024) |
| Association Fee: | $1,730 (Monthly) |
| Complex: | THE STRAND ON OCEAN DRIVE |
| Days On Market: | 80 days |
| Pets Allowed: | No: No |
| Parking Spaces: | 0 |
| Parking Features: | None |
Property Amenities
Building Amenities
- Bar
- Cabana
- Elevator(s)
- Pool
Appliances
- Dishwasher
- Microwave
- Electric Range
- Refrigerator
Interior Features
- Other
Exterior Features
- Other
- Open Balcony
Security Features
- Fire Alarm
- Smoke Detector
- Card Entry
