3,700,000 | 12 Units | $24,000 Monthly Income | Mid-Beach, Miami Beach, FL Discover Noble Pine Tree Apartments, a fully renovated 12-unit boutique multifamily property ideally located on prestigious Pine Tree Drive in Miami Beach. Blending timeless Art Deco charm with modern finishes and strong in-place income exceeding $287,800 annually this property delivers turnkey stability, excellent yield, and long-term appreciation in one of Miami Beach’s most sought-after neighborhoods. Highlights Annual Gross Rent: $287,800 | NOI (Est.): $220,000 – $255,000 Unit Mix: 1 × 2BR | 5 × 1BR | 6 × Studios Avg. Rent per Unit: $2,175 | Potential Rent: $2,400 – $2,600 per unit Lot Size: 8,580 SF | Construction: Concrete block Living Area: 5,860 SF Price per Unit: ˜ $308,000 | Price per SF: $631.00 Property Features Each unit has been tastefully upgraded with quartz countertops, premium cabinetry, modern appliances, designer lighting, and sleek bathroom finishes. Most units include in-unit washer/dryers, maximizing tenant retention and reducing operating costs. The property’s lush outdoor areas with shaded seating, hammocks, and café-style tables create an inviting tropical retreat just a 5-minute walk to the beach. Prime Mid-Beach Location Nestled between multi-million-dollar estates and luxury hotels, the property sits less than a block from the newly completed $42.8 million Bayshore Park Redevelopment, featuring: 19.4 acres of green space with a central lake and pavilion Six tennis courts, dog park, jogging trail, and playgrounds Enhanced lighting and security that further elevate Mid-Beach appeal This transformative public investment ensures lasting appreciation and premium tenant demand. Investment Opportunity Turnkey, cash-flowing asset with proven rent roll and low vacancy. Airbnb license (grandfathered in). Stabilized income with rental upside through repositioning or furnished corporate rentals (subject to zoning). Ideal 1031 exchange replacement or first-entry Miami Beach investment. High-barrier-to-entry location where land scarcity and zoning limits protect long-term value. At $3.7 million, Noble Pine Tree Apartments offers institutional-grade fundamentals in a boutique footprint—a rare opportunity on Pine Tree Drive. Additional Information Shown by appointment only — please do not disturb tenants Full rent roll and financials available upon request Broker inquiries welcome