MLS® RX-11036026
Status Closed
$5,700,000
Features
$5,700,000
Price
1953
Year Built
7500
Sq.Feet
Multi Family
Property type
Duplex
Sub-type
Property 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.
Listing Courtesy of Lead Consulting Group LLC
Additional Info
- List price per Sqft $13,667.43
- Yearly Real Estate Tax $55,062
- Lot size 7,500 Sq.Feet
- Original listing price $6,000,000
- Year Built 1953
- Furnished ********
- Equip / Appl included ********
Community Info
- Area Miami-Dade
- City Miami Beach
1600 Pennsylvania Avenue Photos
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