Take control of this Condo-Hotel with beach access just two blocks away. This offer is to acquire 33 out of 42 total units. Also for sale is the commercial spaces on ground level facing Washington Ave. Property is licensed for nightly rentals *** no rental restrictions ***. The HOA fee is all-inclusive of 24/7 front desk service, insurances, utilities, etc. All units fully furnished, with full bathrooms and equipped kitchenettes. The building passed the 40-Yr Recertification. Review MLS attachments and broker remarks for additional information. Ideal opportunity for hotel operators, developers or to enhance your short-term rental portfolio.
Miami Beach, FL, 33139
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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