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1600 Pennsylvania Avenue

Miami Beach, FL 33139
  • $6,000,000
  • STATUS: Active
  • ON SITE: 97 Days
  • ID#: RX-11036026
UPDATED: 144 min ago
$6,000,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 439
    SQFT
  • $13,667
    $/SQFT
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

Description

The White House Apartments at Lincoln Road, a 19-unit multifamily building property in the heart of South Beach. The property is located adjacent to the famous Lincoln Road, a highly desirable location for renters on South Beach. Furthermore, the property is within walking distance to all of South Beach's attractions including Ocean Drive, Collins, Washington Avenue and Flamingo Park. The building has a total of 19 units, of which 18 units are large studios of an average size of 438 square feet, and one unit is a two-bedroom, two-bathroom apartment of 866 square feet. The 19 units are in line with South Beach's typical standards, which historically have been running close to 100% occupancy rates. In-place effective rents at the property average $4.25 per square foot.

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www.kaufman-propertiesfl.com/homes/157750448
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1600 Pennsylvania Avenue Miami Beach, FL 33139

  • Price: $6,000,000
  • Status: Active
  • On Site: 97 Days
  • Updated: 144 min ago
  • ID#: RX-11036026
0
Beds
0
Baths
0
½ Baths
0.17
Acres
439
SQFT
$13,667
$/SQFT
1953
Built
Neighborhood:
1600 PENNSYLVANIA AVE CON
County:
Miami-Dade
Area:
Miami Beach
Property Description
The White House Apartments at Lincoln Road, a 19-unit multifamily building property in the heart of South Beach. The property is located adjacent to the famous Lincoln Road, a highly desirable location for renters on South Beach. Furthermore, the property is within walking distance to all of South Beach's attractions including Ocean Drive, Collins, Washington Avenue and Flamingo Park. The building has a total of 19 units, of which 18 units are large studios of an average size of 438 square feet, and one unit is a two-bedroom, two-bathroom apartment of 866 square feet. The 19 units are in line with South Beach's typical standards, which historically have been running close to 100% occupancy rates. In-place effective rents at the property average $4.25 per square foot.
Exterior Features

Carport Spaces 0.00 Construction Concrete Exterior Features None Lot Description Corner Lot Private Pool YN No Roof Other Unit1 Parking None Unit2 Parking None View Other Waterfront Description None Waterfront YN No

Interior Features

Cooling Electric Flooring Ceramic Tile Heating Electric Unit1 Desc A/C UnitKitchen Unit1 Full Baths 1 Unit1 Furnished Yes Unit1 Sq Ft 439 Unit2 Desc A/C UnitKitchen Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 439

Property Features

Annual Net Operating Income 350000.00 Annual Total Expenses 85000.00 Auction No Available Info None Built Desc Resale Development Name White House Apartments Gated Community No Gross Operating Income 435000.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Duplex Possession Other REO No Restrictions Lease OK Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 8780.00 Subdivision Amenities None Tax Amount 55062.00 Tax Year 2023 Taxes Other Exemption Tenant Pays ElectricInsurance Terms Considered CashConventional Unit1 Monthly Income 2000.00 Unit2 Monthly Income 2000.00 Utilities None Zoning 0000

Listing provided courtesy of Lead Consulting Group LLC: . Listing information © 2025 BeachesMLS
 
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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432