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$879,500

Est. payment - /mo

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3 Beds

2 Baths

1,230 SqFt

Active

1881 Washington AVE #5H Miami Beach, FL 33139

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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,230 sqft

Price per Sqft $715

Subdivision Octagon Towers I Condo

MLS Listing ID A11944737

Bedrooms 3

Full Baths 2

Construction Status Resale,Updated/Remodeled

HOA Fees $1,600/mo

HOA Y/N Yes

Total Fin. Sqft 1230

Year Built 1966

Annual Tax Amount $7,858

Tax Year 2025

Property Sub-Type Condominium

Property 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 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.

Location

State FL

County Miami-dade

Area 2320

Interior

Interior Features Closet Cabinetry, Main Level Primary, Split Bedrooms, Walk-In Closet(s), French Doors

Heating Central

Cooling Central Air

Flooring Tile

Fireplace No

Appliance Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer

Laundry Washer Hookup, Dryer Hookup

Exterior

Exterior Feature Other

Garage Spaces 1.0

Pool Association

Amenities Available Fitness Center, Other, Pool, Sauna, Trash, Elevator(s)

View Y/N Yes

View City, Other

Garage Yes

Building

Story 16

Unit Floor 15

Structure Type Block

New Construction No

Construction Status Resale,Updated/Remodeled

Schools

Elementary Schools Miami Beach Fienberg / Fisher K-8

High Schools Miami Beach

Others

Pets Allowed Yes

HOA Fee Include Common Areas,Maintenance Grounds,Pool(s)

Senior Community No

Tax ID 0232340941020

Security Features Security System,Fire Alarm,Fire Sprinkler System,Lobby Secured,Other,Phone Entry,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11944737

Listed by Michelle Beatty Luxe Properties

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

RealEZtate Pros

+1(480) 420-9486

1881 Washington AVE #5H Miami Beach, FL 33139

RealEZtate Pros

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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