924 Marseille Dr
924, Marseille Dr, Miami Beach, FL, 33141Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 11437, 11437 sq ft
- Year built: 1926
- County: Miami-Dade
- MLS ID: A11601414
Description
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Description:
2-3-10-11 53 42 OCEAN SIDE SEC OF ISLE OF NORMANDY PB 25-60 LOT 4 & W25FT LOT 4A BLK 3 LOT SIZE 75.000 X 125 COC 23756-2763 08 2005 5 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.
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Building Details
- Structure Type: MultiFamily
- Architectural Style: Detached
- Covered Spaces: 0
Miscellaneous
- List Office Name: STL Advisors, LLC
- Listing Terms: Assumable
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 924, Marseille Dr, Miami Beach, FL, 33141 was built in 1926, and is listed at $5,150,000.