Redevelopment opportunity when you own control of this condominium-hotel (royal south beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. Hoa fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-yr recertification, and it is pending the 50-yr recertification. Review mls attachments and broker remarks for additional information.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.
| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Miami Beach South Pointe Elementary School | 1050 4TH ST | public | 490 | PK - 5 | 0.48 mi |
| Miami Beach Feinberg/fisher K-8 | 1420 WASHINGTON AVE | public | 842 | PK - 8 | 0.56 mi |
| Fisher Island Day School | 2 FISHER ISLAND DR | private | 126 | PK - 8 | 1.23 mi |
| Rasg Hebrew Academy | 2400 PINE TREE DR | private | 592 | PK - 12 | 1.71 mi |
| St Patrick School | 3700 GARDEN AVE | private | 297 | PK - 8 | 2.33 mi |
| Tree Of Knowledge Learning Academy | 2220 NE 203RD TER | private | 125 | 4 - 12 | 2.35 mi |
| North Beach Elementary School | 4100 PRAIRIE AVE | public | 937 | PK - 5 | 2.52 mi |
| Temple Beth Sholom Innovative School | 4144 CHASE AVE # 6 | private | 47 | PK - 4 | 2.54 mi |
| Miami Children's Museum Charter School | 980 MACARTHUR CSWY | public | 309 | KG - 5 | 2.69 mi |
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