2822 Pine Tree Dr
2822, Pine Tree Dr, Miami Beach, FL, 33140Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Floors: 2
- Lot size: 8580, 8580 sq ft
- Year built: 1935
- County: Miami-Dade
- MLS ID: A11672674
Description
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Description:
FAIRGREEN R/S BLKS C-D-E PB 4-154 LT 12 LESS BEG NW COR LT 11 N 14.43FTSE TO NE COR LT 11 WALG N/ L LT 11 TO POB BLK D LOT SIZE 60.000 X 143 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
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In-Place Cap Rate: 5.4%
Building Details
- Structure Type: MultiFamily
- Construction Materials: Block
- Covered Spaces: 0
- Levels: Two
- Number Of Buildings: 2
Expenses, Fees & Taxes
- Tax Annual Amount: $33,700
Miscellaneous
- List Office Name: STL Advisors, LLC
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 2822, Pine Tree Dr, Miami Beach, FL, 33140 was built in 1935, and is listed at $4,300,000.