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Off Market
1/17

924 Marseille Dr
Miami Beach, FL 33141


HIGHLIGHTS

  • Fully Furnished, Recently Renovated, Easy-to-Manage, Turnkey Multifamily Property
  • Excellent Location Surrounded by Entertainment, Beaches, Golf Course, and Transformative Developments
  • New HVAC for Each Unit, New Electric, New Security System, Updated Plumbing & New Kitchen Countertops and Appliances
  • All New Fixtures, Glass-Enclosed Showers, Key-less Unit Entry, Updated Common Areas, Updated Life Safety System & New Doors
  • Large and Lush Garden, All New Fixtures Throughout, New Recessed Lighting & New Porcelain Tile Flooring

OVERVIEW

924 Marseille Drive is a recently renovated, fully furnished 18-unit multifamily building located on Normandy Isles at the entrance to the new North Beach Town Center. The property has been meticulously maintained and gives investors the chance to acquire an easy-to-manage, low-maintenance asset in an A+ location, surrounded by entertainment and newly planned large-scale development. The entire building has been renovated down to the studs and features new structural, mechanical, electrical, plumbing, security, and flooring, with fully updated and modernized common areas, kitchens, appliances, and baths. 100% occupied with room to increase rents as leases turnover. The property is located only 4 blocks from the ocean, 2 blocks from the golf course, and seconds away from a variety of fine dining, grocery stores, shopping, parking, and more, resulting in everlasting rental demand.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Turnkey 18-Unit Fully-Renovated Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

11437

STORIES

3

YEAR BUILT

1926

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

02-3210-013-0310