Active
924 Marseille Dr
Miami Beach FL, 33141
$5,150,000
$549.33 per sqft
Active
9,375 sqft
Commercial
Built in 1926
Ocean 18 Lofts (924 Marseille Dr) is a three-story Art Deco apartment building featuring 18 fully renovated units in the heart of North Beach. The unit mix comprises of 7 standard studios, 4 large studios, 4 one-bedroom apartments, and 3 two-bedroom apartments. Most units come fully furnished. The property is fully occupied with a current average rent of $1,851. With significantly below-market rents, there is a potential rental upside of $75,900 annually ($350+ per unit per month) aligning with current market rates. Renovations include: New bathrooms with glass enclosures, new stainless steel appliances, updated cabinetry, updated PVC plumbing, new electrical system, porcelain tile flooring, new lighting, new fixtures, new doors with keyless entry, fully furnished, and quartz countertops.
A11601414
MLSⓇ ID
May 14, 2024
Listed
December 12, 2024
Updated
Map
924 Marseille Dr
Miami Beach FL, 33141
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.26 Acres
Other Property Details
Days on Market
212
Garage
No
View
No
County
Miami-Dade County
Pool
No
Zoning
3900
Listing History
Date | Event | Price |
|---|---|---|
12/12/2024 | Price change | $5,150,000 -4% |
11/13/2024 | Price change | $5,350,000 2% |
Listed by: STL Advisors, LLC
Listing Contact: 561-901-1402
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 6:40 PM UTC, 12/12/2024.