17150 Northeast 23rd Avenue

North Miami Beach, FL 33160

Price:
$2,820,000
Total Units:
12
Number of Buildings:
1
Number of Stories:
2
Years Built:
1969
Zoning
RM-23
Living Area:
10,094 Square Feet (*MDPA)
Lot Size:
10,923 Square Feet (*MDPA)
Type of Ownership:
Fee Simple
Utilities – Water:
City of North Miami Beach – Paid by Owner
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Central Air Conditioning

INVESTMENT OVERVIEW

The Thomas Team of Marcus & Millichap is pleased to present 17150 Northeast 23rd Avenue in North Miami Beach, a multifamily property comprised of 12 units.

SUBJECT PROPERTY

17150 Northeast 23rd Avenue is a two-story, 12-unit apartment building constructed in 1969 of concrete block and painted stucco with a flat roof.  The building contains 10,094 square feet of living area on a 10,923-square-foot lot, according to the Miami-Dade Property Appraiser. The unit mix consists of four (4) one-bedroom/one-bathroom apartments and eight (8) two-bedroom/one-bathroom apartments.  Typical units are equipped with central air conditioning, electric appliances and ceramic tile floors.

LOCATION

17150 Northeast 23rd Avenue is centrally located in North Miami Beach, just west of Biscayne Boulevard (US-1) and in close proximity to major employment centers, recreational amenities, and shopping destinations.  Residents benefit from walkable access to Greynolds Park and Greynolds Golf Course, with close proximity to Aventura Mall, Sunny Isles Beach, Haulover Beach, and numerous national retailers and restaurants.

Surrounding area retailers and points of interest include the Judge Arthur Snyder Tennis Center (0.2 miles), Greynolds Park (0.4 miles), Houston’s (0.5 miles), Morton’s The Steakhouse (0.5 miles), North Miami Beach Police Department (0.6 miles), Julius Littman Performing Arts Theater (0.6 miles), P.F. Chang’s (0.6 miles), Plum Market (0.7 miles), The Vitamin Shoppe/BurgerFi/Panera Bread (0.9 miles), Fresh Market (1.0 miles), Dicks Sporting Goods (1.2 miles), and Walgreens Pharmacy (1.4 miles). Additionally, just a short drive from the property is Aventura Mall (1.9 miles), the Aventura Brightline Station (1.9 miles), and the Fort Lauderdale–Hollywood International Airport (12.9 miles).

Nearby educational facilities include Scheck Hillel Community School K-12 (1.5 miles), North Miami Beach High School (1.7 miles), John F. Kennedy Middle School (1.9 miles), and Saint Lawrence Elementary School (1.9 miles).

SUMMARY

17150 Northeast 23rd Avenue is offered for sale at $2,820,000 or $235,000 per unit.

EXCLUSIVELY LISTED BY

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com

ALEC DEMETRIOU

Director Investments
Fort Lauderdale Office
Tel: (954) 245-3586
FL SL 3328468
alec.demetriou@marcusmillichap.com
Southern Broward & Miami-Dade Counties