Home » Miami Beach » 924 Marseille Dr, Miami Beach, FL 33141 | A11601414

Multi Family For Sale 924 Marseille Dr, Miami Beach, FL 33141

$5,150,000
Price has decreased by $50,000

Property Highlights

Listing ID A11601414 Status of this Listing: Active For Sale Property Type Commercial Sale Multi Family Building Area 9,375 Sqft/870.97 m2 approx. Lot area 11,437 Sqft/1062.53 m2 approx. Year Built 1926 Time of this property on Rebonus 190 Day(s)

924 Marseille Dr, Miami Beach, FL 33141

Property Description: 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.

Commercial Sale Multi Family For Sale located at 924 Marseille Dr Miami Beach FL 33141 in Miami-Dade referenced as ID MLS # A11601414. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Previous Asking Price:$5,350,000
Original List Price:$5,200,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Architectural
Style:
  • Detached
Structure Type:
  • Multi Family

Property Features

Waterfront:No

Taxes and Expenses

Tax Annual Amount:$65,572

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Listing Terms Considered by Seller:
  • Assumable (The financing currently in place may be assumed)
Occupant Type:
  • Tenant
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0

More Details

Other Information:
Flood ZoneAE
FEMA Flood Zone DesignationsAE
Ref1076111796
Subdivision Number13

Zoning and Legal

Tax Legal Description:2-3-10-11 53 42 OCEAN SIDE SEC OF ISLE OF NORMANDY PB 25-60 LOT 4 & W25FT LOT 4A BLK 3 LOT SIZE 75.000 X 125 COC 23756-2763 08 2005 5
Real Estate Folio Number (Parcel Number):02-32-10-013-0310
Zoning Description:3900
Public Survey Range:32
Public Survey Section:10

Listing History

Update/EventDate/Days
Published Date:June 5, 2024 11:35 am
On Market Date:May 14, 2024
Price Change Date Time:December 12, 2024 1:01 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:December 12, 2024 1:01 pm
Status Last Changed:June 5, 2024 11:35 am
Photos Last Modified:June 5, 2024 4:06 pm
Last Modified:December 12, 2024 6:02 pm
Days on the Market Reference Date:December 12, 2024
Days on the Market (updated on Last Modified*):212
Cumulative Days on the Market (updated on Last Modified**):212

Additional Information

Number of Photos:24
Location:,,
Included:,,
Area:32
Courtesy of:STL Advisors, LLC
Universal Property Id:US-12025-N-0232100130310-R-N

Location

Show Property Address:Yes
Street Name:Marseille Dr
Street Number:924
Street Address:924 Marseille Dr
City : Miami Beach
State : Florida
Zip Code : 33141
County : Miami-Dade
Full Address:924 Marseille Dr, Miami Beach, FL 33141
Latitude:N25° 51' 23.1''
Longitude:W81° 52' 15.2''

Neighborhood

Postal City:Miami Beach

Property Map