Miami Beach, FL 33141,924 Marseille Dr
Miami Beach, FL 33141,924 Marseille Dr
Miami Beach, FL 33141,924 Marseille Dr
Miami Beach, FL 33141,924 Marseille Dr
Miami Beach, FL 33141,924 Marseille Dr
Miami Beach, FL 33141,924 Marseille Dr
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$ 5,150,000
Est. payment | /mo

9,375 SqFt


$ 5,150,000
Est. payment | /mo

9,375 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,375 sqft

Price per Sqft $549

MLS Listing ID A11601414

Style Detached

HOA Y/N No

Year Built 1926

Lot Size 0.263 Acres

Property Description

Ocean 18 Lofts (924 Marseille Dr) is a three-story Art Deco apartment building featuring 18 fully renovated units in the heart of North Beach. The unit mix comprises of 7 standard studios, 4 large studios, 4 one-bedroom apartments, and 3 two-bedroom apartments. Most units come fully furnished. The property is fully occupied with a current average rent of $1,851. With significantly below-market rents, there is a potential rental upside of $75,900 annually ($350+ per unit per month) aligning with current market rates. Renovations include: New bathrooms with glass enclosures, new stainless steel appliances, updated cabinetry, updated PVC plumbing, new electrical system, porcelain tile flooring, new lighting, new fixtures, new doors with keyless entry, fully furnished, and quartz countertops.

Location

State FL

County Miami-dade

Area 32

Building

Architectural Style Detached

Others

Tax ID 02-32-10-013-0310

Acceptable Financing Assumable

Listing Terms Assumable

Listed by STL Advisors, LLC
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924 Marseille Dr