Roney Palace condo, Unit #1511

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 1 Hotel gorgeous interior design and beauty. Great 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.