Excellence in South Florida Real Estate

2822 Pine Tree Dr, Miami Beach, 33140

  • $4,000,000

Buy

Miami Beach

2822 Pine Tree Dr, Miami Beach, 33140

Miami Beach
  • $4,000,000

Quick Details

MLS #: A11790372
  • 8580
  • Lot sqft
  • 1935
  • Year Built

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

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