2822 Pine Tree Dr 12 Unit Apartment Building $5,237,654 CAD ($436,471 CAD/Unit) Miami Beach, FL 33140

Introducing Noble Pine Tree Apartments, a fully renovated 12-unit boutique multifamily property located on prestigious Pine Tree Drive in Miami Beach, one of the city’s most desirable residential corridors. The property benefits from its proximity to the beach, luxury hotels, and high-end residential neighborhoods, while offering a quiet, tree-lined setting that appeals to long-term tenants. The Property’s renovation scope, unit mix, and in-place income make it an ideal acquisition for investors seeking stable cash flow with long-term appreciation. Generating approximately $291,00 in annual gross rental income and an estimated NOI of $215,350, Noble Pine Tree Apartments offers a turnkey opportunity in a high-barrier-to-entry Miami Beach submarket where new multifamily supply is limited.
Investment Highlights:
Turnkey Boutique Multifamily Opportunity: The Property consists of 12 fully renovated units featuring a balanced mix of studios, one-bedroom,
and two-bedroom layouts. Interior upgrades include quartz countertops, premium cabinetry, modern appliances, designer lighting, and updated
bathrooms, allowing for immediate ownership with minimal near-term capital requirements.
Strong In-Place Income with Rental Upside: Noble Pine Tree Apartments offers stabilized cash flow with meaningful upside as in-place rents
remain below prevailing market levels. Investors can capture additional value through natural rent growth as leases roll, while maintaining low
vacancy in a highly desirable rental market.
Prime Pine Tree Drive Location: Situated on one of Miami Beach’s most exclusive residential corridors, the Property is surrounded by luxury
homes and hotels and is within walking distance of the beach. Its central Mid-Beach location provides convenient access to South Beach, North
Beach, and the greater Miami area.
Proximity to Bayshore Park Redevelopment: The Property is located less than one block from the newly completed $42.8 million Bayshore Park
Redevelopment, featuring expansive green space, recreational amenities, and enhanced security. This significant public investment further elevates
neighborhood appeal and supports long-term tenant demand.
High-Barrier-to-Entry Investment Market: Strict zoning regulations, limited developable land, and strong demand for renovated multifamily assets
in Miami Beach protect long-term value and support durable pricing power. The Property is well suited for a 1031 exchange buyer or long-term
investor seeking stable income and appreciation.