Active
1600 Pennsylvania Ave
Miami Beach FL, 33139
$6,000,000
$686.03 per sqft
Active
8,746 sqft
Commercial
Built in 1953
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.
A11563589
MLSⓇ ID
April 4, 2024
Listed
April 12, 2024
Updated
Map
1600 Pennsylvania Ave
Miami Beach FL, 33139
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Days on Market
7
Garage
No
Parking Total
4
View
No
County
Miami-Dade County
Water Source
Public
Pool
No
Zoning
3900
Buyer Agency Compensation
1%
Listed by: Corte Real Estate Group LLC
Listing Contact: 786-942-3238
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Data last updated 1:45 AM UTC, 4/12/2024.