1730 Marseille Dr, Miami Beach FL 33141 | Miami-Dade County | A12040315

1730 Marseille Dr, Miami Beach FL 33141

Active Residential Income

$1,300,000

6 More

2792 Sq Ft
Area Size

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Active Residential Income

1730 Marseille Dr, Miami Beach FL 33141 | Miami-Dade County | A12040315

1730 Marseille Dr, Miami Beach FL 33141

$1,300,000

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.

Property Overview

This four-unit multifamily property at 1730 Marseille Drive is located in the Isle of Normandy Miami VI neighborhood. The home has a total living area of 2,792 square feet and was built in 1946. Each of the four units is a one-bedroom, one-bathroom apartment, and each has a separate electric meter. One unit recently had its bathroom completely renovated, and the building has maintained its air conditioning systems, with units ranging in age from about one to five years. The property has already completed its 40-Year Recertification, which is an important step for long-term compliance and investor confidence. It includes on-site parking and a well-maintained layout, making it a practical option for tenants and a reliable option for owners. The building is in a well-established rental market, with strong demand for housing in the area. Situated in a central part of Miami Beach, the property is close to beaches, parks, major roads, and public transit. It is also near shopping, dining, and schools. This location offers both convenience and accessibility for residents and long-term value potential for investors.

Frequently Asked Questions

How many units does this property include?

This is a four-unit multifamily property, with each unit being a 1-bedroom, 1-bathroom apartment.

What is the age of the property and what condition is it in?

The property was built in 1946 and has been well-maintained over the years. One unit has a recently updated bathroom, and the air conditioning units are approximately 1 to 5 years old.

Is this property currently rented out or vacant?

The property is in a strong rental market, and the units are likely occupied, though current occupancy status is not disclosed publicly.

What makes this property a good investment opportunity?

The property has already completed its 40-Year Recertification, which is a major compliance milestone for buildings in Miami Beach. It is located in a prime area with strong rental demand and is close to beaches, shopping, dining, schools, and public transportation.

Are there any on-site amenities?

The property includes on-site parking and separate electric meters for each unit, making it easier to manage utility costs.

Where is the property located?

The property is located at 1730 Marseille Dr, Miami Beach, FL 33141. It is in a well-established rental market near beaches, major roadways, and local amenities.