1600 Pennsylvania Ave ,Other, Duplex, 1600 Pennsylvania Ave Con for Sale

1600 Pennsylvania Ave for Sale

Price $6,000,000.00

• Lot size 439
• Year Build 1953
• Waterfront
• Zip 33139
• Style Other
• 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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls= 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 UNIT 3 UNDIV 5.0246% INT IN COMMON ELEMENTS OFF REC 29502-0708

Less Than 1/4 Acre Lot

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,Model:Multifamily,Zoning:0000,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.7892535,Cooling Y N:1,Heating Y N:1,List Price:6000000,Listing Id:A11632171,Longitude:-80.1345933,Mls Status:Active,Year Built:1953,Living Area:439,Postal Code:33139,Street Name:Pennsylvania Ave,Coordinates:1:25.7892535,Photos Count:8,Builder Model:Multifamily,Building Name:1600 PENNSYLVANIA AVE CON,Days On Market:10,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:1600 Pennsylvania Ave Con,On Market Date:2024-07-30,Parcel Number:02-32-34-235-0020,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Hot Water,2:Gardener,3:Pest Control,4:Sewer,5:Trash Collection,6:Water,Stories Total:2,Street Number:1600,Association Y N:1,M I A M I R E_ Style:Duplex,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,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7761,Property Sub Type:Duplex,State Or Province:FL,Subdivision Name:1600 PENNSYLVANIA AVE CON,Tax Annual Amount:55062,Unparsed Address:1600 Pennsylvania Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:439,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:13667.426,Original List Price:6000000,Public Survey Range:32,I D X Participation Y N:1,Number Of Units Total:19,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:2024-07-30,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:1600,Tax Legal Description:1600 PENNSYLVANIA AVE CONDO UNIT 3 UNDIV 5.0246% INT IN COMMON ELEMENTS OFF REC 29502-0708,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:439,Association Fee Frequency:Monthly,M I A M I R E_ Internet Remarks:SHOWN STRICTLY BY APPOINTMENT WITH MINIMUM OF 48 HOURS NOTICE. PROOF OF FUNDS IS REQUIRED. PLEASE DO NOT DISTURB TENANTS!,Contract Status Change Date:2024-07-30,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:13667.43,