Miami Beach, FL 33140 2822 Pine Tree Dr

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Presented By: This listing is courtesy of STL Advisors, LLC;
  • MLS# A11672674
  • 10/07/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 5,983

Home Details

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).
Presented By: This listing is courtesy of STL Advisors, LLC;

Interior Features for 2822 Pine Tree Dr

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 2822 Pine Tree Dr

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMiami Beach
Construction MaterialsBlock
CountyMiami-Dade
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionFAIRGREEN R/S BLKS C-D-E PB 4-154 LT 12 LESS BEG NW COR LT 11 N 14.43FTSE TO NE COR LT 11 WALG N/ L LT 11 TO POB BLK D LOT SIZE 60.000 X 143
LevelsTwo
Lot Size Square Feet8580.0
Lot Size UnitsSquareFeet
MLS Area32
MobileHomeRemainsYNNo
Net Operating Income232202.0
New ConstructionNo
NumberOfUnitsTotal12
Occupancy TypeTenant
PostalCityMiami Beach
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubTypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Structure TypeMultiFamily
Tax Annual Amount33700.0
Virtual TourClick here
Waterfront Y/NNo
Year Built1935
Zoning Description3900

Exterior for 2822 Pine Tree Dr

Building Area Total5983.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area8580.0
Number of Buildings2
Number of Separate Electric Meters12
Open Parking Y/NNo
SpaNo

Additional Details

Price History

Worth Clark

Price $4,400,000
MLS#A11672674
List Date 10/07/2024
Property Type Commercial
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