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$ 3,800,000
Est. payment | /mo
8,580 Sqft Lot
$ 3,800,000
Est. payment | /mo
8,580 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11483386
Year Built 1935
Annual Tax Amount $43,631
Lot Size 8,580 Sqft
Property Description
ATTENTION INVESTORS! Noble Pine Tree Apartments is a rare opportunity for investors looking to enter the Mid-Beach market and own 12 move-in ready residences. All units are fully renovated, with most featuring new in-unit washer/dryers. The unit mix includes (1) two-bedroom, (5) one-bedrooms, and (6) studios. The current average rent per unit is $2,175. Though there are 12 operating units, the building was originally constructed as 8 legal units. The property has been thoughtfully upgraded over time, with modern cabinetry, tile flooring, updated appliances, new vanities, lighting, countertops, and select kitchenettes. In-Place NOI: $232,202. In-Place Cap Rate: 5.4%.
Location
State FL
County 12086
Rooms
Kitchen 0
Building
Story 2
Structure Type Masonry - Concrete Block
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11790372
Nearby Locations
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Priscilla Shields
Agent | License ID: 0578753, 238091