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$ 3,800,000
Est. payment /mo
New
2822 Pine Tree Dr Miami Beach, FL 33140
5,983 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,983 sqft
Price per Sqft $635
MLS Listing ID A11886467
HOA Y/N No
Year Built 1935
Annual Tax Amount $43,631
Lot Size 8,580 Sqft
Property Sub-Type Multi Family
Property Description
Noble Pine Tree Apartments is a unique investment opportunity for investors looking to enter the Mid-Beach market and own 12 operating residential units. 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: $223,472. In-Place Cap Rate: 5.88%. Building Size: 5,983 SF. Lot Size: 8,580 SF.
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Building
Structure Type Block
Others
Tax ID 02-32-27-004-0220
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11886467
Listed by STL Advisors, LLC
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