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1568 Drexel Ave 8 Unit Apartment Building $2,250,000 ($281,250/Unit) Miami Beach, FL 33139
Investment Highlights
- High walking score
- Great proximity to public transportation
- Charming art deco architecture
Executive Summary
• Income-producing property
• Charming art deco architecture
• Includes land for additional units
• Opportunity to increase rents
• Secure access
• Private courtyard
• Prime South Beach location
• High walking score
• Great proximity to public transportation
• Historic district appeal
• Strong rental demand
• Charming art deco architecture
• Includes land for additional units
• Opportunity to increase rents
• Secure access
• Private courtyard
• Prime South Beach location
• High walking score
• Great proximity to public transportation
• Historic district appeal
• Strong rental demand
Property Facts Under Contract
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $281,250 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,410 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-1 | ||
| Price | $2,250,000 |
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,410 SF |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | RM-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Number | 02-3234-002-0760 | Improvements Assessment | $1,000 |
| Land Assessment | $1,600,000 | Total Assessment | $1,601,000 |
Property Taxes
Parcel Number
02-3234-002-0760
Land Assessment
$1,600,000
Improvements Assessment
$1,000
Total Assessment
$1,601,000
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1568 Drexel Ave
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