1600 Pennsylvania Ave , for Sale

1600 Pennsylvania Ave for Sale

Price $6,000,000.00

• Lot size 8746
• Year Build 1953
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

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.

SHOWN STRICTLY BY APPOINTMENT WITH MINIMUM OF 48 HOURS NOTICE. PROOF OF FUNDS IS REQUIRED. SERIOUS INQUIRES ONLY. ALL REASONABLE OFFERS WILL BE CONSIDERED. PLEASE DO NOT DISTURB TENANTS! Folio #'s: 02-3234-235-0010;02-3234-235-0020;02-3234-235-0030;02-3234-235-0040;02-3234-235-0050;02-3234-235-0060;02-3234-235-0070;02-3234-235-0080;02-3234-235-0090;02-3234-235-0100;02-3234-235-0110;02-3234-235-0120;02-3234-235-0130;02-3234-235-0140;02-3234-235-0150;02-3234-235-0160;02-3234-235-0170;02-3234-235-0180;02-3234-235-0190.

1600 PENNSYLVANIA AVE CONDO INT IN COMMON ELEMENTS OFF REC 29502-0708

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.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.7892535,List Price:6000000,Listing Id:A11563589,Longitude:-80.1345933,Mls Status:Active,Year Built:1953,Possession:1:Rental Agreement,Postal Code:33139,Street Name:Pennsylvania Ave,Tenant Pays:1:Electricity,Coordinates:1:25.7892535,Photos Count:8,Building Name:White House Apartments,Business Type:1:Residential-Multi-Family,Days On Market:7,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2024-04-04,Parcel Number:02-32-34-235-0010,Parking Total:4,Property Type:Commercial Sale,Street Number:1600,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:Corte Real Estate Group LLC,Private Remarks:SHOWN STRICTLY BY APPOINTMENT WITH MINIMUM OF 48 HOURS NOTICE. PROOF OF FUNDS IS REQUIRED. SERIOUS INQUIRES ONLY. ALL REASONABLE OFFERS WILL BE CONSIDERED. PLEASE DO NOT DISTURB TENANTS! Folio #'s: 02-3234-235-0010;02-3234-235-0020;02-3234-235-0030;02-3234-235-0040;02-3234-235-0050;02-3234-235-0060;02-3234-235-0070;02-3234-235-0080;02-3234-235-0090;02-3234-235-0100;02-3234-235-0110;02-3234-235-0120;02-3234-235-0130;02-3234-235-0140;02-3234-235-0150;02-3234-235-0160;02-3234-235-0170;02-3234-235-0180;02-3234-235-0190.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7762,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:1600 Pennsylvania Ave, Miami Beach FL 33139,Building Features:1:Laundry Facilities,Listing Agreement:Exclusive Right To Sell,Building Area Total:8746,Building Area Units:Square Feet,Lot Size Square Feet:7500,Original List Price:6000000,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-04-04,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:1600,Tax Legal Description:1600 PENNSYLVANIA AVE CONDO INT IN COMMON ELEMENTS OFF REC 29502-0708,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0%,M I A M I R E_ Internet Remarks:A single time kind of opportunity to acquire an Excellent Apartment Building with four parking spots in the Most Prestigious Location of Miami Beach.,Contract Status Change Date:2024-04-04,Internet Address Display Y N:1,Number Of Units In Community:19,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:1%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 1%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,