2822 Pine Tree Dr Miami Beach FL 33140 MLS #A11790372

2822 Pine Tree Dr
Miami Beach, FL, 33140
$4,000,000
Beds
0 Baths
5,983 SqFt
0 Acres
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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%.

Property Details

Price:
$4,000,000
MLS #:
A11790372
Status:
Active
Beds:
0
Baths:
0
Address:
2822 Pine Tree Dr
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami Beach
Listed Date:
Apr 24, 2025
State:
FL
Finished Sq Ft:
5,983
Total Sq Ft:
5,983
ZIP:
33140
Year Built:
1935
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CENTURY 21 Carioti

CENTURY 21 Carioti

Florida, Real Estate

Phone 800 783-8847

CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.

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Schools

Interior

Exterior

Construction Materials
Concrete Block Construction

Financial

Net Operating Income
$232,202
Taxes
$43,631

Map

Community

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Courtesy of Compass Florida, LLC.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Miami, FL. All rights reserved.
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2822 Pine Tree Dr
Miami Beach, FL