1600 Pennsylvania Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Commercial Sale

  • $6,000,000
1600 Pennsylvania Ave, Miami Beach FL 33139

Overview

  • Income/MultiFamily
  • Property Type
  • 1953
  • Year Built

Description

The White House Apartments at Lincoln Road, a 19-unit multifamily building property in the heart of South Beach. The property is located adjacent to the famous Lincoln Road, a highly desirable location for renters on South Beach. Furthermore, the property is within walking distance to all of South Beach’s attractions including Ocean Drive, Collins, Washington Avenue and Flamingo Park.

The building has a total of 19 units, of which 18 units are large studios of an average size of 438 square feet, and one unit is a two-bedroom, two-bathroom apartment of 866 square feet. The 19 units are in line with South Beach’s typical standards, which historically have been running close to 100% occupancy rates. In-place effective rents at the property average $4.25 per square foot.

Details

Updated on April 12, 2024 at 2:54 am
  • Price: $6,000,000
  • Year Built: 1953
  • Property Type: Income/MultiFamily
  • Property Status: Commercial Sale

Additional details

  • PublicSurveyRange: 32
  • ShowingInstructions: Appointment Only, Call Listing Agent
  • ListAgentKey: 7ef3fa6882236531125958255d38502d
  • TaxLegalDescription: 1600 PENNSYLVANIA AVE CONDO INT IN COMMON ELEMENTS OFF REC 29502-0708
  • OnMarketDate: 2024-04-04
  • ListAgentEmail: ucortesano@gmail.com
  • ContractStatusChangeDate: 2024-04-04
  • MajorChangeTimestamp: 2024-04-04T19:06:23.923Z
  • PhotosCount: 8
  • SubAgencyCompensation: 1%
  • StatusChangeTimestamp: 2024-04-04T19:06:23.923Z
  • BuildingName: White House Apartments
  • PriceChangeTimestamp: 2024-04-04T19:06:23.923Z
  • ListingKeyNumeric: 394106990
  • MajorChangeType: New
  • ListingContractDate: 2024-04-04
  • ListAOR: A-Miami Association of REALTORS
  • ListOfficeName: Corte Real Estate Group LLC
  • OriginatingSystemKey: miamire
  • BusinessType: Apartments, Residential-Multi-Family
  • DualVariableCompensationYN: no
  • PhotosChangeTimestamp: 2024-04-04T19:43:34.663Z
  • RoadFrontageType: City Street
  • OriginatingSystemName: Miami Association of REALTORS®
  • ListOfficePhone: 305-534-6679
  • MlsStatus: Active
  • StreetNumber: 1600
  • ListingKey: 09392cce8ec2e0a041b07646355d5317
  • StateOrProvince: FL
  • ShowingContactType: Agent
  • ListOfficeKey: 860aaa98e60b80b75cb762295a836d2f
  • BridgeModificationTimestamp: 2024-04-04T19:43:34.672Z
  • ListAgentFullName: Ugo Cortesano
  • ParkingTotal: 4
  • ListAgentOfficePhone: 305-534-6679
  • ParcelNumber: 02-32-34-235-0010
  • ListingTerms: All Cash, Conventional/Refinance
  • SignOnPropertyYN: no
  • OtherExpense: 0
  • Possession: Funding, Rental Agreement
  • IDXParticipationYN: yes
  • Fencing: Fenced
  • InternetAddressDisplayYN: yes
  • ListAgentMlsId: 3358320
  • ModificationTimestamp: 2024-04-04T19:31:39.520Z
  • OriginatingSystemID: miamire
  • DaysOnMarket: 0
  • BuyerAgencyCompensationType: %
  • ListOfficeMlsId: CGRO01
  • ListAgentDirectPhone: 786-942-3238
  • StreetNumberNumeric: 1600
  • PostalCodePlus4: 7762
  • NumberOfUnitsInCommunity: 19
  • SyndicationRemarks: The White House Apartments at Lincoln Road, a 19-unit multifamily building property in the heart of South Beach. The property is located adjacent to the famous Lincoln Road, a highly desirable location for renters on South Beach. Furthermore, the property is within walking distance to all of South Beach’s attractions including Ocean Drive, Collins, Washington Avenue and Flamingo Park. The building has a total of 19 units, of which 18 units are large studios of an average size of 438 square feet, and one unit is a two-bedroom, two-bathroom apartment of 866 square feet. The 19 units are in line with South Beach’s typical standards, which historically have been running close to 100% occupancy rates. In-place effective rents at the property average $4.25 per square foot.
  • ListAgentStateLicense: 3358320
  • PublicSurveyTownship: 32
  • ListingAgreement: Exclusive Right To Sell
  • PublicSurveySection: 34
  • ListingId: A11563589
  • SpecialListingConditions: Sale
  • OriginalListPrice: 6000000
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: yes
  • BuyerAgencyCompensation: 1%
  • InternetAutomatedValuationDisplayYN: no
  • BuildingFeatures: Landscaped, Laundry Facilities
  • OriginalEntryTimestamp: 2024-04-04T19:06:23.923Z
  • SourceSystemKey: 394106990
  • LotSizeSquareFeet: 7500
  • InternetConsumerCommentYN: no
  • BuildingAreaTotal: 8746
  • Address Pennsylvania Ave
  • City Miami Beach
  • State/county Miami-Dade County
  • Zip/Postal Code 33139

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