1881 Washington Ave #5H Miami Beach, FL 33139
3 Beds
2 Baths
1,230 SqFt
UPDATED:
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
Style High Rise
Bedrooms 3
Full Baths 2
HOA Fees $1,600/mo
HOA Y/N Yes
Leases Per Year 12
Year Built 1966
Annual Tax Amount $7,858
Tax Year 2025
Property Sub-Type Condominium
Property Description
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
Community Octagon Towers I Condo
Area 32
Interior
Interior Features Bedroom on Main Level, Closet Cabinetry, French Door(s)/Atrium Door(s), Split Bedrooms, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Tile
Window Features Impact Glass
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 City, Other
Garage Yes
Private Pool Yes
Building
Architectural Style High Rise
Structure Type Block
Schools
Middle Schools Nautilus
High Schools Miami Beach
Others
Pets Allowed Conditional, Yes
HOA Fee Include Common Areas,Maintenance Grounds,Pool(s)
Senior Community No
Restrictions OK To Lease
Tax ID 02-32-34-094-1020
Security Features Door Man,Lobby Secured,Other,Phone Entry,Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
Pets Allowed Conditional, Yes
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11944737
Nearby Locations
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