Address1600 Pennsylvania Ave, Miami Beach, FL, 33139-7762
Price$6,000,000
- Commercial Sale
- 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.
Essential Information
- MLS® #A11563589
- Price$6,000,000
- Bathrooms0.00
- Acres0.00
- Year Built1953
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address1600 Pennsylvania Ave
- Area32
- CityMiami Beach
- CountyMiami-Dade County
- StateFL
- Zip Code33139-7762
Additional Information
- Date ListedApril 4th, 2024
- Days on Website39
Listing Details
Office
Corte Real Estate Group LLC
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