1600 Pennsylvania Avenue
Miami Beach, FL 33139

Property

Ownership: For Sale
Type: Duplex
Pets: Pets Case By Case
Area: 2320 sq ft

Financials

Price:$6,000,000
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Lead Consulting Group LLC

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.

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Neighborhood

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The White House Apartments at Lincoln Road, a 19 unit multifamily building property in the heart of South Beach.


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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.