Excellence in South Florida Real Estate
2822 Pine Tree Dr, Miami Beach, 33140
Miami Beach
2822 Pine Tree Dr, Miami Beach, 33140
Miami Beach
Quick Details
MLS #: A11790372
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%.
- Address 2822 Pine Tree Dr
- City Miami Beach
- State/county Florida
- Zip/Postal Code 33140
- Area Miami-dade County
Details
-
MLS #:
A11790372
-
Price:
$4,000,000
-
Land Area:
8580 sqft
-
Year Built:
1935
-
Property Status:
Buy
Listed by Nancy Batchelor · Compass Florida, LLC.
- Updated on May 15, 2025 at 2:00 am
For more information about this for Buy currently listed for $4000000 located in 2822 Pine Tree Dr Miami Beach, Florida 33140 please call our real estate office at 1-(305) 728-0840
© Data Source Copyright: Copyright Southeast Florida Multiple Listing Service ©2024. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.