Basic Information

  • MLS # A11601414
  • Type Multi Family
  • Status Active
  • Year Built 1926
  • Total Sqft 11,437
  • Date Listed 06/05/2024
  • Days on Market 342
Description

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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 11,437Sq.Ft
  • Sqft 11,437 Sq.Ft

Property Features

  • Address 924 Marseille Dr
  • Aprox. Lot Size 11,437
  • Architectural Style Detached
  • City Miami Beach
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Assumable
  • Occupant Type Tenant
  • Postal City Miami Beach
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Legal desc 2-3-10-115342 O C E A N S I D E S E C O F I S L E O F N O R M A N D Y P B25-60 L O T4& W25 F T L O T4 A B L K3 L O T S I Z E75.000 X125 C O C23756-27630820055
  • Tax Year 0
  • Terms Considered Assumable
  • Type of Property Multi Family

924 Marseille Dr

Miami Beach, FL 33141

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: STL Advisors, LLC. tel: 561-901-1402

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