Bought with Lead Consulting Group LLC
$5,700,000
$6,000,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
439 SqFt
SOLD DATE : 05/28/2025
Key Details
Sold Price $5,700,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 439 sqft
Price per Sqft $12,984
Subdivision 1600 Pennsylvania Ave Con
MLS Listing ID RX-11036026
Sold Date 05/28/25
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1953
Annual Tax Amount $55,062
Tax Year 2023
Lot Size 7,500 Sqft
Property Sub-Type Duplex
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.
Location
State FL
County Miami-dade
Community White House Apartments
Area 2320
Interior
Heating Electric
Cooling Electric
Flooring Ceramic Tile
Exterior
Exterior Feature None
Garage Spaces 4.0
Utilities Available None
Amenities Available None
Waterfront Description None
View Other
Roof Type Other
Private Pool No
Building
Lot Description Corner Lot
Story 2.0
Foundation Concrete
Construction Status Resale
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions Lease OK
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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8291 Championsgate blvd., Championsgate, FL, 33896, United States