Comprising 12 operating units, Noble Pine Tree Apartments offers a unique investment opportunity for an investor looking to break into the Mid-Beach market. All operating units are fully-renovated and a majority of the apartments have new in-unit washer/dryers. The property consists of (1) two-bedrooms, (5) one-bedrooms and (6) studios. The average in-place rent per-unit stands at $2,175. The property consists of 12 operating units; however, it was built as 8 legal/conforming units. The property has undergone significant renovations over the years including new modern cabinetry, updated appliances, modern-tile flooring, new vanities, lighting, counter tops and kitchenettes (in select units). In-Place NOI: $232,202 In-Place Cap Rate: 5.4%

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 0232270040220 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 02-2270-004-0220 (0232270040220)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 2822 Pine Tree Dr
City: Miami Beach
State: Florida
Zip Code: 33140-4379 (Listings)
County: Miami-Dade (Listings)
  -
Building Size - English*
Living Square Feet: 5,225
Actual Square Feet: 5,225
Adjusted Square Feet: 5,225
  -
Lot Size - English*
Lot Size (sf): 8,580
Lot Size (acres): 0.20
  -
Building Size - Metric*
Living Square Meters: 485.42
Actual Square Meters: 485.42
Adjusted Sq M: 485.42
  -
Lot Size - Metric*
Lot Size (sq m): 797
Lot Size (ha): 0.08
  -
Zoning & Land Use*
Land Use: 0803 - Multifamily 2-9 Units : Multifamily 3 Or More Units
Zoning: 3900 - Multi-family - 38-62 U/a
Municipal Zoning: RM-1 (Miami Beach)
All Listed | All Properties
  -
Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 06/27/2023
Amount: $3,000,000
  -
Prior Sale #2* (Second to Last)
Type: Corrective, tax or QCD; min consideration
Qual: U
Date: 03/09/2022
Amount: $0
  -
Prior Sale #3* (3rd to Last)
Type: Corrective, tax or QCD; min consideration
Qual: Q
Date: 02/09/2022
Amount: $1,650,000
  -
Taxable Values*
Tax Year: 2023
Land: $1,458,600
Building: $324,776
Total: $1,783,376
Assessed: $1,783,376
County Taxable: $1,783,376
City Taxable: $1,783,376
Mill Code: 0200
  -
Ownership*
Owner 1: Noble Property Llc
Mailing Address: 2822 Pine Tree Dr 2
Mailing City: Miami Beach
Mailing State: Fl
Mailing Zip: 33140
Mailing Country: USA
  -
Building Information*
Stories: 2
Units: 8
Year Built: 1935
Effective Year Built: 1935
Extra Features 1: Cent A/c - Comm (aprox 300 Sqft/ton)
Extra Features 2: Paving - Asphalt
Extra Features 3: Wall - Cbs 4 To 8 In, Reinforced
  -
Legal Description*
Legal Description Concatenated: FAIRGREEN R/S BLKS C-D-E PB 4-154 LT 12 LESS BEG NW COR LT 11 N 14.43FTSE TO NE COR LT 11 WALG N/ L LT 11 TO POB BLK D LOT SIZE 60.000 X 143 OR 20146-1592 01 2002 4

*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.