1228 Marseille Dr Miami Beach, FL 33141
- Commercial real estate
- 6,016 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1228 Marseille Dr
- Year built
- 1946
- Property size
- 6,016 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents an 8-unit apartment building located at 1228 Marseille Drive in Miami Beach, Florida, 33141. The property, built in 1946, comprises a single, two-story building encompassing 6,016 square feet. Currently operating at full occupancy, the building offers eight updated one-bedroom units, presenting a stable income stream for investors. The property's location within Miami Beach offers significant appeal, situated in a neighborhood experiencing substantial growth and development. Its proximity to beaches, restaurants, and entertainment venues further enhances its desirability and rental potential. This presents a compelling value-add opportunity for investors seeking to capitalize on Miami Beach's thriving real estate market. The asking price for this fully leased multifamily property is $1,975,000. The property's strong performance and prime location make it an attractive investment for both seasoned and new investors looking to secure a foothold in Miami's dynamic real estate landscape. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after area.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1321976
- Latitude
- 25.8559783
