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Home > South Beach > One Ocean > A10981433

A10981433, Condo #1511 for Sale in One Ocean, Miami Beach

Sold
$620,000
3%
Listed Price
$640,000
$1,033 per sq.ft.
$11,123 per m2
Sold on Apr 5, 2021
Listed on Jan 15, 202179 days on market
Studio
1 Baths
600 ft2 (56 m2)
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Description

15th floor oceanfront studio with balcony in building shared with the luxury 1Hotel, recently voted to USA Today`s 10 Best Hotels in America. Rare "11" line studio, best view, closest to the ocean. Building Renovation underway to be completed in 2021 matching the 1 Hotel gorgeous interior design and beauty. Great opportunity. Rented directly by owner on a monthly basis. Well over $100,000 in rent booked since 2017 while owner also was still able to enjoy his property part-time. $4500 per month in net rent booked for high season. $24,000 in booked rent net to owner for upcoming 6 months, Nov thru April 2021. Buyer must assume approx $24,000 in special assessments related to the renovation and keep in mind that by completion, unit value will significantly increase.
Any questions about One Ocean Contact our
2301 Collins Ave #1511, Miami Beach, FL
  • Listed on:

    Jan 15, 2021
  • Days on Market:

    1169
  • Maintenance:

    n/a
  • Taxes:

    n/a
  • Year:

    2004
  • Furniture:

    n/a
  • Floor Description:

    n/a
  • Occupancy:

    n/a
  • Terms Considered:

    n/a
  • Pets Allowed:

    n/a
  • View from Apartment:

    n/a
  • Parking:

    n/a
  • Maintenance Includes:

  • Amenities:

  • Appliances:

Description

15th floor oceanfront studio with balcony in building shared with the luxury 1Hotel, recently voted to USA Today`s 10 Best Hotels in America. Rare "11" line studio, best view, closest to the ocean. Building Renovation underway to be completed in 2021 matching the 1 Hotel gorgeous interior design and beauty. Great opportunity. Rented directly by owner on a monthly basis. Well over $100,000 in rent booked since 2017 while owner also was still able to enjoy his property part-time. $4500 per month in net rent booked for high season. $24,000 in booked rent net to owner for upcoming 6 months, Nov thru April 2021. Buyer must assume approx $24,000 in special assessments related to the renovation and keep in mind that by completion, unit value will significantly increase.

Contact Miami Residence Realty
Submit online request or call (305)751-1000

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The data relating to real estate for sale on this website comes from the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data provided is deemed reliable but not guaranteed. This website is courtesy of Miami Residence Realty.
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