2822 Pine Tree Dr - Apartments FOR SALE


Miami Beach, FL 33140- Bayshore
$3,800,000 USD
305-308-2718
2822 Pine Tree Dr, Miami Beach, FL for Sale
$3,800,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

2822 Pine Tree Dr
Miami Beach, FL 33140
Bayshore


OVERVIEW

Introducing Noble Pine Tree Apartments, a fully renovated 12-unit boutique multifamily property located on prestigious Pine Tree Drive in Miami Beach, one of the city’s most desirable residential corridors. The property benefits from its proximity to the beach, luxury hotels, and high-end residential neighborhoods, while offering a quiet, tree-lined setting that appeals to long-term tenants. The Property’s renovation scope, unit mix, and in-place income make it an ideal acquisition for investors seeking stable cash flow with long-term appreciation. Generating approximately $291,00 in annual gross rental income and an estimated NOI of $215,350, Noble Pine Tree Apartments offers a turnkey opportunity in a high-barrier-to-entry Miami Beach submarket where new multifamily supply is limited. Investment Highlights: Turnkey Boutique Multifamily Opportunity: The Property consists of 12 fully renovated units featuring a balanced mix of studios, one-bedroom, and two-bedroom layouts. Interior upgrades include quartz countertops, premium cabinetry, modern appliances, designer lighting, and updated bathrooms, allowing for immediate ownership with minimal near-term capital requirements. Strong In-Place Income with Rental Upside: Noble Pine Tree Apartments offers stabilized cash flow with meaningful upside as in-place rents remain below prevailing market levels. Investors can capture additional value through natural rent growth as leases roll, while maintaining low vacancy in a highly desirable rental market. Prime Pine Tree Drive Location: Situated on one of Miami Beach’s most exclusive residential corridors, the Property is surrounded by luxury homes and hotels and is within walking distance of the beach. Its central Mid-Beach location provides convenient access to South Beach, North Beach, and the greater Miami area. Proximity to Bayshore Park Redevelopment: The Property is located less than one block from the newly completed $42.8 million Bayshore Park Redevelopment, featuring expansive green space, recreational amenities, and enhanced security. This significant public investment further elevates neighborhood appeal and supports long-term tenant demand. High-Barrier-to-Entry Investment Market: Strict zoning regulations, limited developable land, and strong demand for renovated multifamily assets in Miami Beach protect long-term value and support durable pricing power. The Property is well suited for a 1031 exchange buyer or long-term investor seeking stable income and appreciation.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$648 USD /SF

# OF UNITS

12

PRICE/UNIT

$316,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,580 SF

ZONING

RM-1

APN/PARCEL ID

02-3227-004-0220

ASK ABOUT THIS PROPERTY

Alexander BlancoThe Keyes CompanyMore Info
305-308-2718

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Alexander BlancoThe Keyes CompanyMore Info
305-308-2718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.