2822 Pine Tree Dr Immeuble residentiel 12 lots 3 308 584 € (275 715 €/Lot) Taux de capitalisation 5,80 % Miami Beach, FL 33140

3,800,000 | 12 Units | $31,150 Monthly Income | Mid-Beach, Miami Beach, FL
Discover Noble Pine Tree Apartments, a fully renovated 12-unit boutique multifamily property ideally located on prestigious Pine Tree Drive in Miami Beach. Blending timeless Art Deco charm with modern finishes and strong in-place income exceeding $373,800 annually this property delivers turnkey stability, excellent yield, and long-term appreciation in one of Miami Beach’s most sought-after neighborhoods.
Highlights
Annual Gross Rent: $373,800 | NOI (Est.): $220,000 – $255,000
Unit Mix: 1 × 2BR | 5 × 1BR | 6 × Studios
Avg. Rent per Unit: $2,175 | Potential Rent: $2,400 – $2,600 per unit
Lot Size: 8,580 SF | Construction: Concrete block
Price per Unit: ˜ $316,000 | Price per SF: $635.00
Property Features
Each unit has been tastefully upgraded with quartz countertops, premium cabinetry, modern appliances, designer lighting, and sleek bathroom finishes.
Most units include in-unit washer/dryers, maximizing tenant retention and reducing operating costs.
The property’s lush outdoor areas with shaded seating, hammocks, and café-style tables create an inviting tropical retreat just a 5-minute walk to the beach.
Prime Mid-Beach Location
Nestled between multi-million-dollar estates and luxury hotels, the property sits less than a block from the newly completed $42.8 million Bayshore Park Redevelopment, featuring:
19.4 acres of green space with a central lake and pavilion
Six tennis courts, dog park, jogging trail, and playgrounds
Enhanced lighting and security that further elevate Mid-Beach appeal
This transformative public investment ensures lasting appreciation and premium tenant demand.
Investment Opportunity
Turnkey, cash-flowing asset with proven rent roll and low vacancy.
Stabilized income with rental upside through repositioning or furnished corporate rentals (subject to zoning).
Ideal 1031 exchange replacement or first-entry Miami Beach investment.
High-barrier-to-entry location where land scarcity and zoning limits protect long-term value.
At $3.8 million, Noble Pine Tree Apartments offers institutional-grade fundamentals in a boutique footprint—a rare opportunity on Pine Tree Drive.
Additional Information
Shown by appointment only — please do not disturb tenants
Full rent roll and financials available upon request
Broker inquiries welcome