1600 Pennsylvania Ave Miami Beach, FL 33139

FOR SALE - Active
$6,000,000

Overview

  • Status: Active
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 8,746 ft2/812.53 m2
  • Price Per: $686.03 ft2/$7,384.35 m2
  • Type: Commercial/Investment
  • Built: 1953
  • HOA: No info
  • MLS Number: A11563589
  • View No info
  • On Site: 41 days
  • Updated: Listing Refreshed: 34 Days Ago

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.

Price History

DateEventPriceChange RatePrice Per
04/04/2024Listed$6,000,000.00$686.03 ft2/$7,384.35 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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