- Updated On:
- June 14, 2022
Property Description
Unique 2 story TH unit w/ DIRECT pool & beach access from unit patio. Casablanca is one of only two buildings in Mid Beach that allows daily rentals through Airbnb & other platforms. Low HOA dues of $654/month. Current owner has just invested $50,000 in renovations and new furnishings. Cap rate of 7% based on pro-forma income of $87K/yr. Also, Casablanca has recently listed itself up for sale and is expecting multiple offers within 90 days from developers. Based upon recent purchase of the nearby Castle Beach for $500M, this unit should be worth $1.5M or more. Perfect opportunity to earn income through short-term rentals while waiting for a developer purchase
Interior Features
Lobby
First Floor Entry
Exterior Features
East Of Us1
Open Balcony
Association
$ 654 | Monthly
Property Taxes
$ 8732 |