1600 Pennsylvania Ave Active Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33139
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,746 sqft
Price per Sqft $686
MLS Listing ID A11563589
Year Built 1953
Lot Size 7,500 Sqft
Property Description
The White House Apartments at Lincoln Road, a 19-unit multifamily building property in the heart of South Beach. The property is located adjacent to the famous Lincoln Road, a highly desirable location for renters on South Beach. Furthermore, the property is within walking distance to all of South Beach?s attractions including Ocean Drive, Collins, Washington Avenue and Flamingo Park.
The building has a total of 19 units, of which 18 units are large studios of an average size of 438 square feet, and one unit is a two-bedroom, two-bathroom apartment of 866 square feet. The 19 units are in line with South Beach?s typical standards, which historically have been running close to 100% occupancy rates. In-place effective rents at the property average $4.25 per square foot.
Location
State FL
County Miami-dade
Area 32
Exterior
Waterfront No
Building
Water Public
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional