Basics
| Date added Added 1 month ago | Category Income/MultiFamily | Type Commercial Sale | Status Active |
| Lot size, sq ft 8580 sq ft | Year built 1935 | ListOfficeName STL Advisors, LLC | ListAOR Miami Association of REALTORS® |
| MLS ID A11672674 |
Description
-
Description:
Comprising 12 operating units, Noble Pine Tree Apartments offers a unique investment opportunity for an investor looking to break into the Mid-Beach market. All operating units are fully-renovated and a majority of the apartments have new in-unit washer/dryers. The property consists of (1) two-bedrooms, (5) one-bedrooms and (6) studios. The average in-place rent per-unit stands at $2,175. The property consists of 12 operating units; however, it was built as 8 legal/conforming units. The property has undergone significant renovations over the years including new modern cabinetry, updated appliances, modern-tile flooring, new vanities, lighting, counter tops and kitchenettes (in select units).
In-Place NOI: $232,202
In-Place Cap Rate: 5.4%
Location
- CountyOrParish: Miami-Dade County
Building Details
- NewConstructionYN: No
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11672674
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- PoolPrivateYN: No
- FireplaceYN: No
