1730 Marseille Drive, Miami Beach, FL 33141
Overview
Description
Supplements: ... (Read more) Investment Highlights – 1730 Marseilles Drive, Miami BeachThis four-unit multifamily property presents an excellent opportunity for investors seeking stable rental income in one of South Florida’s most desirable markets. The property consists of four 1-bedroom, 1-bathroom units and is ideally positioned in Miami Beach, providing convenient access to beaches, shopping, restaurants, parks, schools, public transportation, and major employment centers.Property Features:* Four 1-bedroom, 1-bathroom units.* Separate electric meters for each unit.* One unit currently vacant, offering flexibility for owner occupancy, market-rate leasing, or immediate improvements.* One unit recently renovated with a completely new bathroom.* Air conditioning systems updated over time, with units ranging from approximately 1 to 5 years old.* Single water meter.* Tenant-paid electricity.* Functional layout with strong rental appeal.Capital Improvements & Compliance:A major benefit of this property is that the 40-Year Recertification has already been completed. This represents a significant advantage for prospective buyers by reducing concerns related to near-term compliance requirements and major inspections.Location:The property is located in a well-established Miami Beach neighborhood with convenient access to:* South Beach* Bal Harbour* Surfside* Downtown Miami* Miami Design District* Wynwood* Miami International Airport* Major roadways and public transportationInvestment Potential:Miami Beach continues to experience strong demand for rental housing due to its location, employment opportunities, lifestyle amenities, and limited supply of multifamily properties. This asset offers investors the opportunity to benefit from current income while exploring future value-add opportunities through rent optimization and continued property improvements.Buyer Verification:All information provided is believed to be accurate but is not guaranteed. Buyers and their representatives are encouraged to independently verify all information, including but not limited to zoning, dimensions, operating expenses, rents, lease terms, recertification status, and any municipal requirements.
Listing Details MLS# A12040315
General Property Information
- Number Of Units Total
- 4
- Property Sub Type
- Quadruplex
- Building Area Main
- 2792
- Living Area Main
- 2792
- Adjusted Area Main
- 2429
- Year Built
- 1946
- Stories Total
- 2
- Pool Private YN
- No
- Parking Total
- 0
Property Features
Contract Information
- Comp Sale YN
- No
- Original List Price
- 1300000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 1730
- Street Name
- Marseille
- Street Suffix
- Drive
- City Name
- Miami Beach
- Municipal Code
- 32
- State Or Province
- FL
- Postal Code
- 33141
- Postal Code +4
- 3528
- Postal Zip
- 33141
- Subdivision Name
- ISLE OF NORMANDY MIAMI VI
- Area
- 2320
- Elementary School
- Treasure Island
- Middle Or Junior School
- Miami Beach Nautilus
- High School
- Miami Beach
- Parcel Number
- 0232100170200
- Subdivision Number
- 17
- Zoning
- 3900
- Flood Zone
- AE
- Directions
- From I-95, take SR-112 East to Miami Beach. Continue on 41st Street, turn south on Alton Road, then east on 71st Street and south onto Marseilles Drive. Property is located at 1730 Marseilles Drive, Miami Beach.
Financial Information
- Tax Annual Amount
- 15910
- Tax Year
- 2024
- Tax Legal Description
- ISLE OF NORMANDY MIAMI VIEW SEC PART 2 PB 41-75 LOT 10 BLK 31 LOT SIZE 52.300 X 125 OR 20397-4189 04 2002 1
- Estimated Monthly Assoc Recurring Fee
- 0
Status Change Information
- Major Change Timestamp
- 2026-06-22T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-06-22
More Information
Income and Expenses
- Gross Income
- 89400
Unit 1 Details
- Actual Rent
- 1750
- Baths Full
- Yes
- Efficiency YN
- No
Unit 1 Lease Description
- Currently Leased YN
- Yes
Unit 2 Details
- Actual Rent
- 1750
- Baths Full
- Yes
- Efficiency YN
- No
Unit 2 Lease Description
- Currently Leased YN
- Yes
Unit 3 Details
- Actual Rent
- 1950
- Baths Full
- Yes
- Efficiency YN
- No
Unit 3 Lease Description
- Occupant Type
- Vacant
Unit 4 Details
- Actual Rent
- 1900
- Baths Full
- Yes
- Efficiency YN
- No
Unit 4 Lease Description
- Occupant Type
- Vacant
Price Calculations
- Current Price To SqFt
- 465.61
Section Details
- Parcel Number MLX
- 0200
Originating Details
- Originating System Key
- 514440603
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Flooring
- Ceramic Tile
- Yes
- Wood
- Yes
Property Condition
- Resale
- Yes
Documents Available
- Deposit - Security
- Yes
- Deposit Held
- Yes
Structure Type
- Multi Family
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Cable Available
- Yes
Heating
- Separate Meters
- Yes
- None
- Yes
Construction Materials
- CBS
- Yes
- Concrete Block - No Stucco
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Water Source
- Public
- Yes
Cooling
- Electric
- Yes
- Wall/Window Unit(s)
- Yes
Showing Requirements
- Appointment Only
- Yes
- Call Listing Agent
- Yes
Tax Information
- City/County
- Yes
Unit 1 Other Equipment
- Air Conditioning Unit
- Yes
Unit 1 Parking Features
- On Street
- Yes
Unit 1 Rooms
- Kitchen
- Yes
Unit 2 Other Equipment
- Air Conditioning Unit
- Yes
Unit 2 Parking Features
- On Street
- Yes
Unit 3 Other Equipment
- Air Conditioning Unit
- Yes
Unit 3 Parking Features
- On Street
- Yes
Unit 4 Other Equipment
- Air Conditioning Unit
- Yes
Unit 4 Parking Features
- On Street
- Yes