Price Reduced 3.74%

$5,150,000

Est. Mortgage $26,381/mo *

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Price History

$5,200,000
5/14/2024

$5,350,000
11/13/2024

$5,150,000
12/12/2024

924 Marseille Dr, Miami Beach, FL, 33141

924 Marseille Dr, Miami Beach, FL, 33141
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1926

Detached

Ocean 18 Lofts (924 Marseille Dr) is a three-story Art Deco apartment building featuring 18 fully renovated units in the heart of North Beach. The unit mix comprises of 7 standard studios, 4 large studios, 4 one-bedroom apartments, and 3 two-bedroom apartments. Most units come fully furnished. The property is fully occupied with a current average rent of $1,851. With significantly below-market rents, there is a potential rental upside of $75,900 annually ($350+ per unit per month) aligning with current market rates. Renovations include: New bathrooms with glass enclosures, new stainless steel appliances, updated cabinetry, updated PVC plumbing, new electrical system, porcelain tile flooring, new lighting, new fixtures, new doors with keyless entry, fully furnished, and quartz countertops.

Status:

Active

Type:

Commercial

Zoning:

3900

Days on Market:

212

MLS #:

A11601414

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of STL Advisors, LLC Phone: 561-901-1402