Basic Information

  • MLS # A11790372
  • Type Multi Family
  • Status Active
  • Year Built 1935
  • Total Sqft 8,580
  • Date Listed 04/24/2025
  • Days on Market 55
Description

ATTENTION INVESTORS! Noble Pine Tree Apartments is a rare opportunity for investors looking to enter the Mid-Beach market and own 12 move-in ready residences. All units are fully renovated, with most featuring new in-unit washer/dryers. The unit mix includes (1) two-bedroom, (5) one-bedrooms, and (6) studios. The current average rent per unit is $2,175. Though there are 12 operating units, the building was originally constructed as 8 legal units. The property has been thoughtfully upgraded over time, with modern cabinetry, tile flooring, updated appliances, new vanities, lighting, countertops, and select kitchenettes. In-Place NOI: $232,202. In-Place Cap Rate: 5.4%.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 8,580Sq.Ft
  • Sqft 8,580 Sq.Ft

Property Features

  • Address 2822 Pine Tree Dr
  • Aprox. Lot Size 8,580
  • City Miami Beach
  • Construction Materials Block
  • County Miami- Dade
  • Furnished Info no
  • Levels Two
  • Occupant Type Call Agent
  • Postal City Miami Beach
  • Public Survey Section Two
  • Public Survey Township 2
  • Stories 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $43,631
  • Tax Legal desc F A I R G R E E N R/ S B L K S C- D- E P B4-154 L T12 L E S S B E G N W C O R L T11 N14.43 F T S E T O N E C O R L T11 W A L G N/ L L T11 T O P O B B L K D L O T S I Z E60.000 X143
  • Tax Year 0
  • Type of Property Multi Family

2822 Pine Tree Dr

Miami Beach, FL 33140

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