1881 Washington Ave # 5H, Miami Beach FL 33139

Discover a spacious 1,230 sq. ft. residential condominium in Octagon Towers I Condo, a high-rise community built in 1966 and ideally located directly across from the Miami Beach Convention Center. This bright 5H residence offers skyline and other views, hurricane-impact glass windows, central air conditioning, central heating, French doors, split-bedroom design, closet cabinetry, and a walk-in closet.
The gourmet kitchen includes a dishwasher, dryer, electric water heater, ice maker, microwave, electric range, refrigerator, and washer. The large primary bedroom and modern spa-style bathrooms create a comfortable retreat, and the unit may be purchased furnished. Washer and dryer hook-ups are also available. Parking includes one assigned space, with one garage space.

Octagon Tower I Condo Unit 5H

This Miami Beach condo is licensed for short-term rental, with professional management estimates projecting annual gross revenue of $122,000 to $144,000, representing an estimated 10 percent cap rate. The monthly association fee is $1,600. Building improvements include an upgraded pool, electronic entry system, security cameras, structural repairs, and nearly completed elevator and fire-system replacements. Hallway flooring and a lobby upgrade are planned, with reserves and SIRS funding budgeted.
Residents enjoy doorman service, secured lobby, phone entry, fire sprinklers, fire alarm, smoke detectors, and additional security features. Pets are subject to restrictions. Nautilus Middle School and Miami Beach High School serve the area.
Living at 1881 Washington Ave # 5H, Miami Beach FL 33139 means enjoying warm weather, beautiful beaches, Lincoln Road, vibrant dining, nightlife, shopping, and excellent local infrastructure year-round. For details or a private showing of Octagon Tower I Condo Unit 5H, call or WhatsApp +1 786.468.4380.