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South Beach Luxury Apartments 1560 Drexel Ave 16 Unit Apartment Building $6,400,000 ($400,000/Unit) Miami Beach, FL 33139
Investment Highlights
- Great proximity to public transportation
- Historic district appeal
- Strong rental demand
Executive Summary
• Income-producing property
• Modern appliances and buildout
• Diverse unit mix
• Charming art deco architecture
• Opportunity to increase rents
• Secure access
• Private courtyard
• Modern appliances and buildout
• Diverse unit mix
• Charming art deco architecture
• Opportunity to increase rents
• Secure access
• Private courtyard
Property Facts
| Price | $6,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 16 | Building Size | 14,591 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | RM-1, Miami Beach | ||
| Price | $6,400,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 14,591 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | RM-1, Miami Beach |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 595 |
| 2+2 | 4 | - | 715 |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 02-3234-002-0750 | Improvements Assessment | $6,564 |
| Land Assessment | $1,600,000 | Total Assessment | $1,606,564 |
Property Taxes
Parcel Number
02-3234-002-0750
Land Assessment
$1,600,000
Improvements Assessment
$6,564
Total Assessment
$1,606,564
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South Beach Luxury Apartments | 1560 Drexel Ave
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