2822 Pine Tree Dr

$4,000,000

2822 Pine Tree Dr Miami Beach

53

Home61's Closings in

Miami Beach

Amenities

Air Conditioning
N/A
Central Heat
N/A
Refrigerator
N/A
Dishwasher
N/A
Washer
N/A
Walk-In Closets
N/A
Water View
N/A
Pool
N/A
Fence
N/A
Garage
N/A
Barbecue
N/A
Impact Windows
N/A

Key features

Living area
N/A
Lot size
N/A
Tax
$ 43,631
$ /sqft
-
Tenant Occupied
No
Parking Space
0
Building
-
On market
64 days
$ /sqft
-
Type
other
Year Built
1935
Unit
-
Zip Code
33140
Ref./MLS ID
A11790372

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%.  


Data is provided by Miami Board of Realtors.

Public transportation

Sheridan Av & 28 St
115
117
1 mins
Indian Creek Dr & 27 St
150
C
L
S
2 mins
Indian Creek Dr & 29 St
120
150
C
L
S
2 mins
Sheridan Av & 31 St
115
117
2 mins

Nearby School In Miami Beach

Data Provided by greatschools.org

RATING
Name
GRADE
DISTANCE
10
North Beach Elementary School
PK-5
0.6 miles
5
Miami Beach Senior High School
9-12
0.6 miles
5
Nautilus Middle School
6-8
0.8 miles
NR
Rasg Hebrew Academy
PK-12
0.2 miles
Neighborhood

Miami Beach

  • art deco architecture
  • lounges
  • bars
  • restaurants
  • resort
  • vacation
  • tourist
  • luxury
  • condo
  • miami
  • beach
  • fashion

 

Listed on April 24, 2025 by Nancy Batchelor from Compass Florida, LLC., this other is for sale. other for sale in Miami Beach listed at $4,000,000, Reference A11790372

The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.