763 Pennsylvania Ave 130, Miami Beach, FL 33139 — MLS photo

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763 Pennsylvania Ave 130, Miami Beach, FL 33139

Active · Condominium

$170,000

763 Pennsylvania Ave 130, Miami Beach, FL 33139

Beds
0
Baths
1
Living area
270 sq ft
$ / sq ft
$630/sq ft
Year built
1936
Lot size
—
HOA fee
$836 Monthly
Annual tax
$2,299

About this property

A great offer to have an affordable beach condo in one of the country’s most iconic vocational destinations + to receive easy passive income. You can stay in the apartment yourself or to rent it daily, weekly, monthly! ROYAL SOUTH BEACH CONDO is one of the few buildings in Miami Beach approved for Full AIRBNB / Short-Term Rentals with no restrictions. ALL the utilities are covered by HOA fee: unlimited electricity, unlimited water usage, cable TV, Wi-Fi, 24/7 front desk, trash removal and all the buildings expenses including building insurance. Friendly front desk staff will meet you or your guests with a smile on their faces. They will check your guests in, check them out, answer all their questions and even hold their luggage before checking in or after checking out if needed.

Property location

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763 Pennsylvania Ave 130, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
270 sq ft
Flooring
Other
Appliances
Microwave, Refrigerator
Cooling
Electric, Wall Window Units
Heating
None
Interior features
Bedroom On Main Level, Eat In Kitchen, First Floor Entry, Main Living Area Entry Level, Shower Only

Exterior & Structure

Property type
Condominium
Year built
1936
Stories
3
Construction
Block
Exterior features
Other
View
Garden

Parking

Garage spaces
0
Covered spaces
0
Parking features
Other, On Street

HOA, Community & Financials

Association fee
$836 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Electricity, Hot Water, Internet, Maintenance Structure, Sewer, Security, Trash, Water
Amenities
Elevators
Security
Door Man, Lobby Secured
Pets allowed
No
Annual tax
$2,299
Subdivision
ROYAL SOUTH BEACH CONDO
County
Miami-Dade
Days on market
540
MLS listing ID
A11790485
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,075

Cap rate
-1.9%
Net yield
-1.9%
Cash-on-cash return
-27.1%
Gross yield
6.7%
Mortgage payment
$806/mo
Down payment
$42,500
Loan amount
$127,500
Annual NOI
-$3,228

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.