1024 Ocean Dr #A202 Active Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33139
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 516 sqft
Price per Sqft $610
Subdivision The Strand On Ocean Drive
MLS Listing ID A11824939
Style Other
Full Baths 1
HOA Fees $1,730/mo
Min Days of Lease 1
Year Built 1964
Annual Tax Amount $5,381
Tax Year 2024
Property Sub-Type Condominium
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.
Location
State FL
County Miami-dade
Community The Strand On Ocean Drive
Area 42
Interior
Heating Other
Cooling Central Air
Flooring Laminate
Exterior
Exterior Feature Balcony
Pool Association
Amenities Available Cabana,Pool,Elevator(s)
View Other
Building
Structure Type Other
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Listed As-Is
Pets Allowed No
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11824939