924 Marseille Drive

Miami Beach, FL 33141

$5,200,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
an aerial view of residential building and parking space
a view of a city
front view of a building with a garden
a kitchen that has a refrigerator a stove a sink and dishwasher with wooden floor
a living room with furniture and a large window
a living room with furniture and a large window
a living room with stainless steel appliances a dining table and chairs
a kitchen with stainless steel appliances kitchen island a table and chairs in it
a living room with furniture and a flat screen tv
a living room with stainless steel appliances granite countertop furniture and a fireplace
a bathroom with a sink a toilet and shower
a living room with stainless steel appliances granite countertop furniture and a fireplace
a bathroom with a sink toilet and shower
a living room with furniture and a flat screen tv
a bathroom with a sink toilet and shower
a kitchen with stainless steel appliances a stove sink and cabinets
a hallway with wooden floor windows and a chandelier
a view of entryway with wooden floor and stairs
a view of entryway and hall
a front view of a house with large windows
a building view
a front view of a building with a tree
a view of a building
a view of a city with tall buildings

Description

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...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.
  1. Listed by Max Loria • STL Advisors, LLC

Property Details for 924 Marseille Drive

Area
32
Auction
No
LISTING UPDATED: 06/06/2024 10:32 PM

Property Details for 924 Marseille Drive

StatusActive
MLS #A11601414
Days on Market225
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1926
Lot Size0.26 AC / 11,437 SF
CountyMiami-Dade County

Building Information for 924 Marseille Drive

Stories-Residences-Year Built1926Building Size-Lot Size0.26 AC / 11,437 SF

Property Information for 924 Marseille Drive

Location Information
Location Information
  • Parcel Number Free Text: 02-32-10-013-0310
  • Parcel Number MLX: 0310
  • MLS Area: 32
  • Township Range: 32
  • Section: 10
  • Subdivision Number: 13
  • Unit Count: 1
  • Zoning Information: 3900
General Information
General Information
  • Prop Type-Type of Building: Free Standing, Residential-Multi-Family
  • Building Sq Ft: 9,375
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
Financial Information
Financial Information
  • Assumable: Yes

Property History for 924 Marseille Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 924 Marseille Drive

Taxable ValueLand$937,500Additions$2,532,500Total$3,470,000
Tax Record2023$65,572 ($5,464 / month)
Home Facts
Total Finished SqFt11,475 SqFtAbove Grade Finished SqFt11,475 SqFtStories3Lot Size9,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1926Year Renovated2000Zoning3900:MULTI-FACountyMIAMI-DADEAPN02-3210-013-0310

Schools near 924 Marseille Drive

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Treasure Island Elementary School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
Nautilus Middle School
Public - 6 to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
Treasure Island Elementary School
PublicPK to 5

Air Base K-8 Center for International Education
PublicPK to 8

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 924 Marseille Drive, Miami Beach, FL 33141

924 Marseille Drive is a multi-family home for sale in Miami Beach, FL 33141. This property was listed for sale on May 14, 2024 by STL Advisors, LLC, it's currently listed at $5,200,000. It has been on the market for a total of 225 days and was last sold on April 6, 2022. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Treasure Island Elementary School, Air Base K-8 Center for International Education and Nautilus Middle School. 924 Marseille Drive is a 0-bed, 0-bath, multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of STL Advisors, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.