855.725.5890
Address924 Marseille Dr, Miami Beach, FL, 33141-2902
Price$5,200,000
- Commercial Sale
- Built in 1926
Ocean 18 Lofts (924 Marseille Dr) is a three-story Art Deco apartment building featuring 18 fully renovated units in the heart of North Beach. The unit mix comprises of 7 standard studios, 4 large studios, 4 one-bedroom apartments, and 3 two-bedroom apartments. Most units come fully furnished. The property is fully occupied with a current average rent of $1,851. With significantly below-market rents, there is a potential rental upside of $75,900 annually ($350+ per unit per month) aligning with current market rates. Renovations include: New bathrooms with glass enclosures, new stainless steel appliances, updated cabinetry, updated PVC plumbing, new electrical system, porcelain tile flooring, new lighting, new fixtures, new doors with keyless entry, fully furnished, and quartz countertops.
Essential Information
- MLS® #A11601414
- Price$5,200,000
- Bathrooms0.00
- Acres0.00
- Year Built1926
- TypeCommercial Sale
- Sub-TypeMulti Family
- StyleDetached
- StatusActive
Community Information
- Address924 Marseille Dr
- Area32
- CityMiami Beach
- CountyMiami-Dade County
- StateFL
- Zip Code33141-2902
Additional Information
- Date ListedJune 5th, 2024
- Days on Website25
Listing Details
- OfficeSTL Advisors, LLC
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