2822 PINE TREE DR, Miami Beach
$3,800,000 USD
Pictures
Map
Contact us
Schedule Tour
| Address | 2822 PINE TREE DR, Miami Beach |
| Type of Property | Income / MultiFamily |
| Type of Business | Residential-Multi-Family |
| Price | $3,800,000 |
| Property Status | Active |
| MLS Number | A11886467 |
| Property Size | 8580 |
| Lot Size | 8580 |
| Year Built | 1935 |
| Folio Number | 02-32-27-004-0220 |
| Zoning Information | 3900 |
| Days on Market | 10 |
Detailed Description: Noble Pine Tree Apartments is a unique investment opportunity for investors looking to enter the Mid-Beach market and own 12 operating residential units. 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: $223,472. In-Place Cap Rate: 5.88%. Building Size: 5,983 sq.ft. Lot Size: 8,580 sq.ft.
Internet
Property added to favorites
Loan
Mortgage
Expert
Hide
Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33140 |
| Address | 2822 PINE TREE DR |
| Section | 27 |
| Zip Code (4 Digits) | 4379 |
Financial Information
| Price | $3,800,000 |
| Price per Foot | $0 |
| Folio Number | 02-32-27-004-0220 |
| Tax Amount | $43,631 |
Full Descriptions
| Detailed Description | Noble Pine Tree Apartments is a unique investment opportunity for investors looking to enter the Mid-Beach market and own 12 operating residential units. 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: $223,472. In-Place Cap Rate: 5.88%. Building Size: 5,983 sq.ft. Lot Size: 8,580 sq.ft. |
Property parameters
| Living Area | 8580 |
| Lot Size | 8580 |
| Total Acreage | 0.000 |
| Zoning Information | 3900 |
| Maximum Leasable Size | 8580 |
| Year Built | 1935 |
| Type of Property | Income / MultiFamily |
| Type of Business | Residential-Multi-Family |
| Construction Type | Concrete Block Construction |
| Listed with | STL Advisors, LLC |