1600 Pennsylvania Ave Miami Beach, FL 33139
Flamingo NeighborhoodEstimated payment $38,077/month
Highlights
- Water Views
- Cooling Available
- 4 Car Garage
- Corner Lot
- Ceramic Tile Flooring
- 4-minute walk to SoundScape Park
About This Home
The White House Apartments at Lincoln Road, a 19-unit multifamily building property in the heart of South Beach. The property is located adjacent to the famous Lincoln Road, a highly desirable location for renters on South Beach. Furthermore, the property is within walking distance to all of South Beach's attractions including Ocean Drive, Collins, Washington Avenue and Flamingo Park. The building has a total of 19 units, of which 18 units are large studios of an average size of 438 square feet, and one unit is a two-bedroom, two-bathroom apartment of 866 square feet. The 19 units are in line with South Beach's typical standards, which historically have been running close to 100% occupancy rates. In-place effective rents at the property average $4.25 per square foot.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $55,062
Year Built
- Built in 1953
Lot Details
- 7,500 Sq Ft Lot
- Corner Lot
Parking
- 4 Car Garage
Home Design
- Duplex
Interior Spaces
- 439 Sq Ft Home
- 2-Story Property
- Ceramic Tile Flooring
- Water Views
Utilities
- Cooling Available
- Heating Available
- Water Not Available
Listing and Financial Details
- Assessor Parcel Number 02-32-34-235-0020
Community Details
Overview
- 2 Units
- 1600 Pennsylvania Ave Con Subdivision
Building Details
- Operating Expense $85,000
- Net Operating Income $350,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,898 | $161,028 | -- | -- |
| 2023 | $2,898 | $153,360 | $0 | $0 |
| 2022 | $2,668 | $142,000 | $0 | $0 |
| 2021 | $2,500 | $129,500 | $0 | $0 |
| 2020 | $2,786 | $143,900 | $0 | $0 |
| 2019 | $3,099 | $159,900 | $0 | $0 |
| 2018 | $3,109 | $170,085 | $0 | $0 |
| 2017 | $2,816 | $147,900 | $0 | $0 |
| 2016 | $3,302 | $170,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Off Market | $6,000,000 | -- | -- |
| 12/15/2024 12/15/24 | For Sale | $6,000,000 | 0.0% | $13,667 / Sq Ft |
| 11/13/2024 11/13/24 | Off Market | $6,000,000 | -- | -- |
| 11/11/2024 11/11/24 | For Sale | $6,000,000 | -- | $13,667 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $140,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,375,000 | New Conventional |
Source: BeachesMLS
MLS Number: R11036026
APN: 02-3234-235-0020
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