Aviator South Beach - Investors Dream  Want to own 10 units in South Beach with no money out of your pocket?It is possible and I will show you how.Last year units in the Aviator sold at $260k, the Developer is now offering these units in Bundles of 5 & 10 at $225,000.But thats not all, Developer is offering $20k Cash Back on each unit!Say you took the 20k cash back and used it as your Down Payment, you are walking into 10 units on 5th St. in the Heart of South Beach with no initial investment. These units have rented for up to $1,500 but can easily be filled at $1,400.
With a 6% Mortgage Rate your Monthly Payments would be around $1,025/Month/Unit, Maint Fee of $166, and Taxes around $340/Month.This totals to $1,531/Month.So take a moment and think, YOU can own 10 units in South Beach w/ no money down for $31/Month. Building is located 3 Blocks away from South Beach, Minutes from the Airport, and all Major Highways.Take advantage of this Distressed Market, Call Today for More Info.786.376.6346
A History of the Aviator South Beach
When the Aviator was built in 1930, it was originally called the Lindbergh Hotel. The architect wasT. Hunter Henderson, who also designed the Astor Hotel and S.H. Kress store on Washington Avenue, the Capri Hotel on Collins, and more than 30 other buildings, apartment houses and private homes in South Beach and North Beach. The original Lindbergh had 96 hotel rooms and 6 stores.In 1936 Henderson designed a second building containing 48 more hotel rooms and 7 additional stores. On April 2, 1936, the City Council granted special permission to allow the construction of the distinctive enclosed bridge 18 feet above the alley that connects the
two buildings on the 2nd and 3rd floors.
During WWII, the Lindbergh Hotel was one of approximately 300 buildings and hotels that were taken over by the Army Air Force Technical Training Command to serve as barracks, mess halls, offices, and classrooms for cadets training go overseas to fight for our nation’s freedom.As many as four to six cadets slept in bunk beds in each room.Young soldiers filled Miami Beach and many returned after the war to live, to visit or to retire many years later. The hotel was returned to the owner for civilian use in August 1943 and soon after was renamed the Mac Arthur Hotel.
After a fire in the early 1980s, the building underwent a substantial rehabilitation by designer Rodolfo Bulgas with the architectural firm of Jaime Salles.At that time the hotel rooms were combined to reduce the number of units to 44 apartments. The renovation won several awards.
Tropical colors accent the Art Deco architecture of the Aviator. The significant architectural features include carved chevron relief banding and floral scrollwork over the first floor retail stores, cut corner entries on the north and south ends, where reversed stepped pyramids cap the corners.
Through the early years, several popular businesses were located in the building including Fifth Street Fitness, South Point’s first health club. The Aviator is located within the Flamingo Park Historic District, as well as the Miami Beach National Register Architectural District (commonly known as the Art Deco District), and it is listed as a “contributing structure” in the Miami Beach Historic Properties Database.When the district was designated in 1979, it became the youngest district to ever receive this recognition.
When developers Judi and Steve Levinson purchased the building in November of 2004, they renamed it the Aviator in honor of its original name and proceeded to begin renovating the property once again.Now the Aviator has been converted into affordable live/work condos.
Contact Information Kenny Begies 786.376.6346 Location 711 5th Street
Miami Beach, Florida 33139
UNITED STATES
FEATURES Bedrooms: 1 Bathrooms: 1 Type: Sale Residential Property Type: Condo Located on Floor #: 3 Floors in Building: 3 Subdivision: Aviator Square Footage: 550 Year Built: 1930 ATTRIBUTES Interior Amenities Cable Ready Ceiling Fans Central Air Elevator Security System Appliances Range / Oven Full Refrigerator Dishwasher Microwave Freezer PRICING Asking Price: 225000 Additional Pricing Information: Offered in Bundles of 5 or 10 w/ $20k Cash Back per Unit! Currency: USD Flexibility: Firm Homeowner Dues: 166 Powered by sawitonline.com LISTINGID:: 8881 Powered by sawitonline.com LISTINGID:: 8881 |
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