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Residential Income
$6,000,000
1600 Pennsylvania Ave Miami Beach, FL

A11632171

455 of 465 for Sale
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an agent
  • Listed On:

    Jul 30, 2024
  • Days on Market:

    114
  • Year:

  • Taxes:

    $55,062 per year
  • Floor Description:

    Tile
  • Occupancy:

  • Zoning:

  • Parking:

1600 Pennsylvania Ave Miami Beach, FL 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.

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For Sale Details

  • Floor Description

    Tile

  • Heating Description

    Window/Wall

  • Photo Count

    8

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional

  • Year Built

    1953

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