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$6,000,000

Est. payment - /mo

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8,746 SqFt

Active

1600 Pennsylvania Ave Miami Beach, FL 33139

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Isaac De Castro

idecastro@bhsusa.com +1(646) 626-7901

UPDATED:

09/30/2024 09:30 PM

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

HOA Y/N No

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

Total Parking Spaces 4

Building

Water Public

Others

Tax ID 02-32-34-235-0010

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Corte Real Estate Group LLC

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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Isaac De Castro

1600 Pennsylvania Ave Miami Beach, FL 33139

Isaac De Castro

Key Details

Location

Exterior

Building

Others

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1600 Pennsylvania Ave