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235 WASHINGTON AV FL 33139
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Key Details
Sold Price $5,450,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $838
MLS Listing ID M1448782
Sold Date 08/07/12
Construction Status Resale
HOA Y/N No
Year Built 1938
Annual Tax Amount $37,201
Tax Year 2010
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Hotel/Motel
Property Description
174 Bed Hostel, Licensed for 48 Rooms, 38 In-Service, Offered at 9.4% Cap Rate based on 12 trailing months - Best Income in South Beach! Ameneties: shuttle service, Movie Theater, Full Guest Kitchen, Internet Cafe, 4COP Liquor License (5AM), Take-out Res taurant License with Full Kitchen (Not in Service) - can convert to Restaurant with seats, Every inch of this building has been renovated and improved by current Owner! Rated among the TOP TEN Hostels in the US. Google South Beach Hostel to see more!
Location
State FL
County Miami-dade County
Area 32
Direction I-395 TO WASHINGTON AVENUE, SOUTH TO 235
Interior
Cooling Central Air, Wall/Window Unit(s)
Flooring Other
Exterior
Roof Type Built-Up
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 02-42-03-003-1070
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with The Keyes Company