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$425,000
2 Beds ⋅ 2 Baths ⋅ B26038462 MLS ⋅ 33139 Zip Code ⋅ Octagon Towers BLDG.
Steps from the sand and surrounded by everything South Beach has to offer - Lincoln Road, Convention Center, world-class dining and nightlife - this updated 2BD/2BA condo delivers a lifestyle that's hard to beat at this price point. Inside, new laminate floors, generous open floor plan, a renovated kitchen, in-unit washer/dryer and hurricane impact window adds everyday convenience rare in this market. What truly sets this building apart: 12x year (30 day min) rental policy, pet-friendly up to 75 lbs, gated parking, 24-hour manned lobby, fully funded reserves, pool, gym, and sauna — amenities that rival buildings at twice the price.

1881 Washington Avenue Unit 4a, Miami Beach
$879,500
3 Beds ⋅ 2 Baths ⋅ A11944737 MLS ⋅ 33139 Zip Code ⋅ Octagon Tower I Condo BLDG.
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.

1881 Washington Ave Unit #5H, Miami Beach