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Located at 924 Marseille Dr, Miami Beach, Florida 33141, Normandy Isle neighborhood, this Multi Family is for Sale with a price of $5,350,000 USD. The property was built in 1926,. This listing has 11,437 Sq.Ft. of interior space. See all Homes for Sale in Normandy Isle.
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924 Marseille Dr
Normandy Isle, Miami Beach, FL 33141

$5,350,000
for sale
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Description

924 Marseille Dr,

Miami Beach, FL 33141

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.
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any descriptions, measurements, square footages or acreage and should not be relied upon as such. All information herein should be confirmed by the customer. All rights to all content, including but not limited to photographs, videos and other graphics, are reserved to exclusively to the Broker who supplied such listing content. All advertising on this site is subject to the Federal Fair Housing Act.

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Listing By: STL Advisors, LLC via Data Source: MIAMI MLS 
$5,350,000
Change Currency
$468
Price Per Sqft
Multi Family
Property type
1926
Year Built
11880549
Web Id
2837522-A11601414
MLS ID
193
Days Posted

Price History

datepricevariancetype
11/13/2024$5,350,000 2.88 %increased
5/14/2024$5,200,000-Listed
listing agent: Max Loria
11,437 Sq Ft.
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