Comprising 12 operating units, Noble Pine Tree Apartments offers a unique investment opportunity for an investor looking to break into the Mid-Beach market. All operating units are fully-renovated and a majority of the apartments have new in-unit washer/dryers. The property consists of (1) two-bedrooms, (5) one-bedrooms and (6) studios. The average in-place rent per-unit stands at $2,175. The property consists of 12 operating units; however, it was built as 8 legal/conforming units. The property has undergone significant renovations over the years including new modern cabinetry, updated appliances, modern-tile flooring, new vanities, lighting, counter tops and kitchenettes (in select units).
In-Place NOI: $232,202
In-Place Cap Rate: 5.4%
In-Place NOI: $232,202
In-Place Cap Rate: 5.4%
Property Details
Price:
$4,300,000
MLS #:
A11672674
Status:
Active
Beds:
0
Baths:
0
Address:
2822 Pine Tree Dr
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami Beach
Listed Date:
Dec 20, 2024
State:
FL
Finished Sq Ft:
5,983
Total Sq Ft:
5,983
ZIP:
33140
Year Built:
1935
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Financial
Taxes
$33,700
Map
Community
- Address2822 Pine Tree Dr Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33140
Similar Listings Nearby
- 475 NW 42nd St
Miami, FL$5,200,000
4.70 miles away
- 924 Marseille Dr
Miami Beach, FL$5,150,000
3.53 miles away
- 1685 Jefferson Ave
Miami Beach, FL$5,000,000
1.09 miles away
Miami Beach, FL$5,000,000
2.07 miles away
- 1215 West Ave # 1
Miami Beach, FL$5,000,000
1.76 miles away
- 1233 Collins Ave
Miami Beach, FL$5,000,000
1.52 miles away
2822 Pine Tree Dr
Miami Beach, FL
LIGHTBOX-IMAGES