Mirador North 1200, 1200 West Ave #1225

Condo in Miami Beach, FL 33139

Stunning penthouse with direct breathtaking bay view. 900 sqf. Large one bedroom plus legal spacious den, completely and tastefully remodeled, very stylish. Hoa fees include internet and cable. Great building, resort-style amenities, gym, pool deck and bbq, rec-room with pool-table, convenience store, front desk with 24hr-security. Sold unfurnished.

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.