$4,200,000
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Income/MultiFamily, Commercial Sale
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%
This income/multifamily home located at 2822 Pine Tree Dr, Miami Beach FL 33140 is currently for sale and has been available on Brickellsold for 169 days. This property is listed at $4M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1935. 2822 Pine Tree Dr, Miami Beach FL 33140 is in Miami Beach county Miami-Dade County.
