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$1,300,000
Est. payment /mo
2,792 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,792 sqft
Price per Sqft $465
Subdivision Isle Of Normandy Miami Vi
MLS Listing ID A12040315
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 2792
Year Built 1946
Annual Tax Amount $15,910
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Excellent investment opportunity in the heart of Miami Beach. This four-unit multifamily property is located at 1730 Marseilles Drive and consists of four 1-bedroom, 1-bathroom apartments with separate electric meters and strong rental demand in the area. One unit has been recently updated with a brand-new bathroom, while the property has been maintained over the years with A/C units ranging from approximately 1 to 5 years old.A significant benefit for investors is that the property has already completed its 40-Year Recertification, providing added peace of mind and reducing concerns about major compliance requirements.Ideally situated near beaches, shopping, dining, parks, schools, major roadways, and public transportation, this property offers convenience for tenants and long-term upside for investors. The building features a functional layout, on-site parking, and a desirable location within one of South Florida's most established rental markets.Whether you are looking to expand your portfolio, complete a 1031 exchange, or acquire a value-add asset with income potential, this property presents an attractive opportunity in Miami Beach. Centrally located with easy access to Downtown Miami, South Beach, Bal Harbour, and Miami International Airport. Multifamily opportunities in this area are limited, making this a compelling option for investors seeking stable demand and future appreciation potential. Investment Highlights – 1730 Marseilles Drive, Miami BeachThis four-unit multifamily property presents an excellent opportunity for investors seeking stable rental income in one of South Florida's most desirable markets. The property consists of four 1-bedroom, 1-bathroom units and is ideally positioned in Miami Beach, providing convenient access to beaches, shopping, restaurants, parks, schools, public transportation, and major employment centers.Property Features:* Four 1-bedroom, 1-bathroom units.* Separate electric meters for each unit.* One unit currently vacant, offering flexibility for owner occupancy, market-rate leasing, or immediate improvements.* One unit recently renovated with a completely new bathroom.* Air conditioning systems updated over time, with units ranging from approximately 1 to 5 years old.* Single water meter.* Tenant-paid electricity.* Functional layout with strong rental appeal.Capital Improvements & Compliance:A major benefit of this property is that the 40-Year Recertification has already been completed. This represents a significant advantage for prospective buyers by reducing concerns related to near-term compliance requirements and major inspections.Location:The property is located in a well-established Miami Beach neighborhood with convenient access to:* South Beach* Bal Harbour* Surfside* Downtown Miami* Miami Design District* Wynwood* Miami International Airport* Major roadways and public transportationInvestment Potential:Miami Beach continues to experience strong demand for rental housing due to its location, employment opportunities, lifestyle amenities, and limited supply of multifamily properties. This asset offers investors the opportunity to benefit from current income while exploring future value-add opportunities through rent optimization and continued property improvements.Buyer Verification:All information provided is believed to be accurate but is not guaranteed. Buyers and their representatives are encouraged to independently verify all information, including but not limited to zoning, dimensions, operating expenses, rents, lease terms, recertification status, and any municipal requirements.
Location
State FL
County Miami-dade
Area 2320
Zoning 3900
Interior
Interior Features InteriorFeatures
Heating None, Separate Meters
Cooling Electric, Wall/Window Unit(s)
Flooring Ceramic Tile, Wood
Fireplace No
Exterior
Utilities Available Cable Available
Water Access Desc Public
Private Pool No
Building
Dwelling Type Multi Family
Story 2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction No
Construction Status Resale
Schools
Elementary Schools Treasure Island
Middle Schools Miami Beach Nautilus
High Schools Miami Beach
Others
Tax ID 0232100170200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12040315
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Listed by Elba Carolina Diaz Naim Real Estate LLC
NEARBY SCHOOL & BUSINESS
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