Ocean House Nobe

Posted: 2/5/2020
186 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

About

About Ocean House Nobe

Offers Due:  Friday, September 25, 2020 Add to Calendar

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean House the largest garden style multifamily community on Miami Beach. Ocean House is situated on over four-acres with over 750 feet of direct water frontage and totals 186 units in 23 two-story buildings. The property offers a favorable unit mix with 72% of units two or three bedrooms. The property is 97% occupied with exceptional strong collections during COVID-19. In the past few years ownership has spent over $13 million in renovating the property. All units have been upgraded to one of two finish levels. 96 of the 186 units (±50%) have been upgraded to a gold standard. The other 90 units (±50%) have been upgraded to a platinum standard. Platinum units are renting $115 higher per unit per month.

Documents