1. Florida
  2. Miami Beach
  3. 2822 Pine Tree Dr
$4,000,000

2822 Pine Tree Dr, Miami Beach, FL 33140

  • 5,983 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1935
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $669/sqft
  • Property List Date Icon Listed 1 month ago

Property 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%.

Listing Status:
Active
Date Added:
April 24, 2025 at 05:00AM
Listing Office:
Compass Florida, LLC. : 305-851-2820
Listing Agent:
Nancy Batchelor : 786-578-4122
MLS ID:
A11790372
  • General: Concrete Block Construction2

This listing courtesy of Nancy Batchelor, Compass Florida, LLC.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

North Beach Elementary School

4100 Prairie Ave, Miami Beach, FL, 33140

Grades PK-5

0.64 miles away

N

Nautilus Middle School

4301 N Michigan Ave, Miami Beach, FL, 33140

Grades 6-8

0.76 miles away

M

Miami Beach Senior High School

2231 Prairie Ave, Miami Beach, FL, 33139

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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