Investment Overview

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.