For Sale
2822 Pine Tree Dr, Miami Beach, Florida 33140
$4,000,000
ATTENTION INVESTORS! Noble Pine Tree Apartments is a rare opportunity for investors looking to enter the Mid-Beach market and own 12 move-in ready residences. All units are fully renovated, with most featuring new in-unit washer/dryers. The unit mix includes (1) two-bedroom, (5) one-bedrooms, and (6) studios. The current average rent per unit is $2,175. Though there are 12 operating units, the building was originally constructed as 8 legal units. The property has been thoughtfully upgraded over time, with modern cabinetry, tile flooring, updated appliances, new vanities, lighting, countertops, and select kitchenettes. In-Place NOI: $232,202. In-Place Cap Rate: 5.4%.
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Details
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Property Type: Commercial
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Property SubType: Multi Family
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Listing Type: For Sale
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Listing ID: A11790372
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Price: $4,000,000
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View: Intercoastal,ocean,pool
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Bedrooms: 0
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Bathrooms: 0
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Half Bathrooms: 0
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Square Footage: 0 Sqft
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Year Built: 1935
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Status: Active
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Original Property Type: Commercial Sale
Features
Location
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Country US
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State FL
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County Miami-Dade
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City Miami Beach
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Zipcode 33140
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Neighborhood: Miami Beach
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Street: Pine Tree Dr
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Street Number: 2822
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Floor Number: 0
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Longitude: W81° 52' 18.3''
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Latitude: N25° 48' 19.1''
Additional Info
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Stories: 2
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UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11790372
