FL
Miami-Dade
Miami Beach
33139
1600 Pennsylvania Avenue
1600 Pennsylvania Avenue, Miami Beach, FL 33139
Listing Type
Multi Family
Listing Status
active
1
$6,000,000

Home Details for 1600 Pennsylvania Avenue

Price
$6,000,000
Type
Residential Income
Bedrooms
0
Bathrooms
1.0
Square feet
439
Year built
1953
County
Miami-Dade
Garage
4
Days on site
67
MLS Listing#
R11036026
Listing courtesy: Lead Consulting Group LLC - 561-664-8100
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.

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Property Features
  • Utilities
    • None
    • Water Not Available
  • Waterfront and Water Access
    • None
  • Cooling Information
    • Electric
  • Heating Information
    • Electric
  • Water Features
    • None
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from BeachesMLS.
EXIT REALTY DELRAY
1200 NW 17th Avenue Suite 4, Delray Beach, FL 33445
Office
561 376 3706
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