Price Reduced 2.27%
Price History
$4,400,000
10/7/2024
$4,300,000
12/20/2024
2822 Pine Tree Dr, Miami Beach, FL, 33140
1935
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%
Status:
Active
Type:
Commercial
Units:
12
Zoning:
3900
Est. Taxes:
$33,700
Construction
Block
Days on Market:
74
MLS #:
A11672674
Community Info
School Info
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Listing courtesy of STL Advisors, LLC Phone: 561-901-1402