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

$6,000,000

Commercial Sale Active

1600 Pennsylvania Ave, Miami Beach FL 33139

WhatsApp Pinterest Facebook Twitter Linkedin Email

Commercial Sale Active

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

1600 Pennsylvania Ave, Miami Beach FL 33139

$6,000,000

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.

Address

Open on Google Maps

Address Pennsylvania Ave
City Miami Beach
State/county Miami-Dade County
Zip/Postal Code 33139

Details

Updated on August 9, 2024 at 5:21 pm

Property ID: A11563589
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: [email protected]
ContractStatusChangeDate: 2024-04-04
MajorChangeTimestamp: 2024-04-04T19:06:23.923Z
PhotosCount: 8
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
Zoning: 3900
ListAOR: A-Miami Association of REALTORS
ListOfficeName: Corte Real Estate Group LLC
OriginatingSystemKey: miamire
BusinessType: Apartments,Residential-Multi-Family
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: 2024-08-09T15:03:38.266Z
ListAgentFullName: Ugo Cortesano
ParkingTotal: 4
ListAgentOfficePhone: 305-534-6679
ParcelNumber: 02-32-34-235-0010
ListingTerms: All Cash,Conventional/Refinance
OtherExpense: 0
Possession: Funding,Rental Agreement
IDXParticipationYN: 1
Fencing: Fenced
InternetAddressDisplayYN: 1
ListAgentMlsId: 3358320
WaterSource: Public
ModificationTimestamp: 2024-08-09T15:02:09.383Z
OriginatingSystemID: miamire
DaysOnMarket: 127
TransactionBrokerCompensation: 1%
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
StreetName: Pennsylvania Ave
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 34
SpecialListingConditions: Sale
OriginalListPrice: 6000000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
BuyerAgencyCompensation: 1%
BuildingFeatures: Landscaped,Laundry Facilities
OriginalEntryTimestamp: 2024-04-04T19:06:23.923Z
SourceSystemKey: 394106990
LotSizeSquareFeet: 7500
TenantPays: A/C & Heating Maintenance,Electricity
BuildingAreaTotal: 8746
TransactionBrokerCompensationType: %