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Active
$3,550,000
2822 Pine Tree Dr, Miami Beach FL 33140
📍 Miami Beach, FL, 33140
🏗1935Año constr.

Descripción

Noble Pine Tree Apartments is a fully renovated 12-unit boutique multifamily on prestigious Pine Tree Drive, offering modern finishes, Art Deco charm, and strong in-place income in one of Miami Beach’s most desirable neighborhoods. With a proven rent roll ($291,000 gross with an NOI of about $215,350), upgraded units featuring premium kitchens, sleek baths, and in-unit laundry in most residences, the property delivers turnkey stability with rental upside. Lush outdoor spaces—hammocks, shaded seating, and café-style areas—create a tropical retreat just a 5-minute walk to the beach. Steps from the new $42.8M Bayshore Park with 19 acres of green space, tennis courts, dog park, and enhanced security, the location ensures long-term appreciation and high tenant demand. Offered at $3.8M with a ~5.8% cap rate, the asset provides rare value in a high-barrier-to-entry market and is ideal for investors seeking both steady yield and premium Miami Beach positioning.

Detalles de la propiedad

Tipo / Type Commercial Sale
Subtipo / Subtype Income/MultiFamily
Estado / Status Active
Condado / County Miami-Dade County
Código postal / ZIP 33140
Año construido / Year built 1935
Listing Key 329ccb654ed1c864df5e7f16bc52854d

Ubicación

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