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Gelfand Realty Miami Properties - Condo Apartment

1024 OCEAN DR #A202, MIAMI BEACH, FL 33139

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Condo Apartment - THE STRAND ON OCEAN DRIVE

1024 OCEAN DR #A202, MIAMI BEACH, FL 33139

Sold Price$310,000 Asking Price$315,000

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  • Days on market:

    47 day(s)
  • Adjusted Area:

    516 sqft
  • Original Price:

    $315,000
  • Price per sqft:

    $610.47
  • Tax Legal Description:

    THE STRAND ON OCEAN DRIVE CONDO UNIT A202 BLDG 1024 UNDIV 0.921693980% INT IN COMMON ELEMENTS OFF REC 23668-2131 COC 23832-4544 08 2005 1
  • Tax Year:

    2024
  • Property Type:

    Condo
  • Style:

    Condo-Hotel
  • Parking:

    None
  • Furnished Info:

    Furnished
  • View:

    Other View
  • Construction Type:

    Other
  • Cooling Description:

    Central Air
  • Heating Description:

    Other
  • Interior Features:

    Other
  • Exterior Features:

    OtherOpen Balcony
  • Equipment/Appliances:

    DishwasherElectric RangeMicrowaveRefrigerator
  • Amenities:

    BarCabanaPool Elevator(s)
  • Maintenance Includes:

    Cable Tv Elevator Hot Water Pool Service Security Trash Removal WaterAll Amenities Common Area Internet/WiFi Sewer Electric Pest Control Interior
  • Type of Association:

    Condo

Description

$315,000 • one full bathroom(s) • living size area 516 sqft • floor 2/4

Spacious renovated studio with a balcony in a popular south beach condo-hotel. fully licensed for short-term airbnb rentals. features a rooftop pool and the famous palace bar on the ground floor. fully renovated in 2023 with new flooring, paint, furniture, doors, and a new ac unit. sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. no hotel program—owners can rent on their own or through any third-party manager. hoa includes all utilities: electricity, water, sewer, internet, tv, and front desk service. option to continue with the current professional management or choose your own. strong bookings and high roi. turnkey investment with income potential from day one.

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