3-Bed Condominium at OCTAGON TOWERS I CONDO in Miami Beach
$879,500
3
2
1230
Condominium, Residential
Details
Overview
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.
This condominium home located at 1881 Washington Ave # 5H, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 85 days. This property is listed at $880K. It has 3 beds, 2 bathrooms, and is 1230 square feet. It was built in 1966. 1881 Washington Ave # 5H, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.
Interior
- Flooring: Tile
- Common walls with other units/homes: High Rise
Property
- Covered Spaces: 1
- Parking Features: 1 Space
- Garage Spaces: 1
- Entry location: Closet Cabinetry, Fire Sprinklers, French Doors, Split Bedroom, Walk-In Closet(s)
- Exterior Features: East Of Us1, Other
- Has View: Yes
- View Description: Other View, Skyline
Construction
- Year Built: 1966
Community & HOA
- Security Features: Fire Sprinklers, Fire Alarm, Smoke Detector, Doorman, Phone Entry, Lobby Secured, Other
- Subdivision: OCTAGON TOWERS I CONDO
- Has HOA: Yes
- Amenities: Exercise Room, Other, Pool, Sauna, Trash Chute
- HOA Fees: $1,600/mo
Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Miami Beach Senior High • 0.0 mi • K-12
- Miami Beach Adult & Community Education Center • 0.0 mi • K-12
- Miami Beach Fienberg/Fisher K-8 Center • 0.0 mi • K-12
- North Beach Elementary • 0.0 mi • K-12
- Miami Beach Nautilus Middle • 0.0 mi • K-12
- Miami Beach South Pointe Elementary • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.