This is in THE BEST location for Art Deco landmarks, 2 blocks from best of the beach. one block from Washington Trolley, 4 blocks from the channel and South Pointe Park. It's above a top rated cafe,Maman, and right next to swanky Motek restaurant. It is an apartment building with 2 floors of units and the vacant ones get rented out like a hotel. The Elite Penthouse is in serious need of reinvestment. Little things like shower handle coming off (still usable) chipped and peeling paint, no counter lighting in the kitchenette, no counter space in kitchenette, burnt out light bulbs and I think dead batteries in the lower level thermostat so it was hot. The front desk guy was always quick to bring more sheets, towels and a coffee pot that actually worked. (the replacement was dirty but it did work....) The rusted shower head on the outdoor patio shocked us by working and we loved that for showering in bathing suits. but the drain didn't drain well. Broken furniture out there as well.
So if you are a camper and none of this wrecks your outlook on life, it's a sweet spot for less dollars. Bed was very comfy. Shower got hot water...we were happy.