Roney Palace Unit #1511

For Sale$640,0002301 Collins Ave, Miami Beach 33139
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Roney Palace Unit #1511 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 1Hotel gorgeous interior design and beauty. Great investment 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.

Roney Palace Unit #1511 Floor Plans

SizeRoomsBathroomsBaths Half
600 Sqft010

Views
  • Ocean View
  • Pool Area View
  • Water View
  • Ocean Front
Appliances
  • Dishwasher
  • Microwave
  • Electric Range
  • Refrigerator
  • Self Cleaning Oven
Interior Features
  • Walk-In Closet(s)
Exterior Features
  • Open Balcony
Parking
  • 1 Space
  • Valet
  • No Rv/Boats
  • No Trucks/Trailers
Heating
  • Central
  • Electric
Cooling
  • Central Air
  • Electric
Flooring
  • Tile
Window Features
  • Verticals
Association Amenities
  • Laundry
  • Pool
  • Spa/Hot Tub
Architectural Style
  • High Rise
Construction Materials
  • CBS Construction
Structure Type
  • Condo 5+ Stories
  • Condo

Roney Palace Map

Sophia K. Albrecht

Sophia K. Chouchane Albrecht - Real Estate Broker
Lic. Real Estate Broker
Thine Agency, INC

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