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.

This listing is courtesy of Max Loria at STL Advisors, LLC em:max@stl-advisors.com ph:561-901-1402.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0232100130310 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 02-2100-013-0310 (0232100130310)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 924 Marseille Dr
City: Miami Beach
State: Florida
Zip Code: 33141-2902 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 11,475
Actual Square Feet: 11,475
Adjusted Square Feet: 11,437
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Lot Size - English*
Lot Size (sf): 9,375
Lot Size (acres): 0.22
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Building Size - Metric*
Living Square Meters: 1,066.06
Actual Square Meters: 1,066.06
Adjusted Sq M: 1,062.53
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Lot Size - Metric*
Lot Size (sq m): 871
Lot Size (ha): 0.09
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Zoning & Land Use*
Land Use: 0303 - Multifamily 10 Units Plus : Multifamily 3 Or More Units
Zoning: 3900 - Multi-family - 38-62 U/a
Municipal Zoning: RM-1 (Miami Beach)
All Listed | All Properties
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Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 04/06/2022
Amount: $4,176,000
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Prior Sale #2* (Second to Last)
Type: Qual by exam of deed
Qual: Q
Date: 04/14/2016
Amount: $2,225,000
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Prior Sale #3* (3rd to Last)
Type: Qual by exam of deed
Qual: Q
Date: 05/05/2014
Amount: $1,800,000
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Taxable Values*
Tax Year: 2023
Land: $937,500
Building: $2,532,500
Total: $3,470,000
Assessed: $3,470,000
County Taxable: $3,470,000
City Taxable: $3,470,000
Mill Code: 0200
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Ownership*
Owner 1: 924 Marseille Owner Llc
Mailing Address: 924 Marseille Dr
Mailing City: Miami Beach
Mailing State: Fl
Mailing Zip: 33141
Mailing Country: USA
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Building Information*
Stories: 3
Units: 17
Year Built: 1926
Effective Year Built: 2000
Extra Features 1: Aluminum Modular Fence
Extra Features 2: Patio - Brick, Tile, Flagstone
Extra Features 3: Patio - Concrete Slab
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Legal Description*
Legal Description Concatenated: 2-3-10-11 53 42 OCEAN SIDE SEC OF ISLE OF NORMANDY PB 25-60 LOT 4 & W25FT LOT 4A BLK 3 LOT SIZE 75.000 X 125 COC 23756-2763 08 2005 5

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.