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$ 5,050,000
Est. payment | /mo
9,375 SqFt
$ 5,050,000
Est. payment | /mo
9,375 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,375 sqft
Price per Sqft $538
MLS Listing ID A11601414
Style Detached
HOA Y/N No
Year Built 1926
Lot Size 0.263 Acres
Property Sub-Type Multi Family
Property Description
Ocean 18 Lofts (924 Marseille Dr) is a three-story Art Deco apartment building featuring 18 fully renovated units in the heart of North Beach. The unit mix comprises of 7 standard studios, 4 large studios, 4 one-bedroom apartments, and 3 two-bedroom apartments. Most units come fully furnished. The property is fully occupied with a current average rent of $1,851. With significantly below-market rents, there is a potential rental upside of $75,900 annually ($350+ per unit per month) aligning with current market rates. Renovations include: New bathrooms with glass enclosures, new stainless steel appliances, updated cabinetry, updated PVC plumbing, new electrical system, porcelain tile flooring, new lighting, new fixtures, new doors with keyless entry, fully furnished, and quartz countertops.
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Building
Architectural Style Detached
Others
Tax ID 02-32-10-013-0310
Acceptable Financing Assumable
Listing Terms Assumable
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11601414
Listed by STL Advisors, LLC
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "