924 Marseille Dr, Miami Beach, 33141

  • $5,350,000

Listing UP for Sale

Miami Beach

924 Marseille Dr, Miami Beach, 33141

Miami Beach

  • $5,350,000

Overview

Property ID: A11601414
  • 11437
  • Lot sqft
  • 1926
  • Year Built

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.

  • Address 924 Marseille Dr
  • City Miami Beach
  • State/county Florida
  • Zip/Postal Code 33141
  • Area Miami-dade County

Details

Updated on June 7, 2024 at 8:06 pm
  • Property ID: A11601414
  • Price: $5,350,000
  • Land Area: 11437 sqft
  • Year Built: 1926
  • Property Status: Listing UP for Sale

Listing Agent Contact Information

View Listings

Contact Agent About This Property

By submitting this form I agree to Terms of Use

© Data Source Copyright: Copyright Southeast Florida Multiple Listing Service ©2024. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

Compare listings

Compare
Max Loria
  • Max Loria