PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITY
This is a rare opportunity to acquire a stabilized, income-producing asset with immediate cash flow and a clear path to forced appreciation through organic rent growth. 12 Total Units:
· Unit Mix: 10 x 1BD/1BA | 2 x 2BD/2BA
· Total Building Size: 13,300 SF
· Occupancy: 100%
· Onsite Parking
· Below-Market Rents | Strong Value-Add Upside
· Corner Lot | High Visibility Location
100% occupancy demonstrates the property’s consistent desirability and the strength of local rental demand. Current rents remain below market, presenting a clear value-add opportunity for an investor to execute a strategic rent repositioning strategy and unlock meaningful upside in NOI and overall asset value.
- Heating System
- Cooling System
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33139
- Street:
- 1240 14th St, Miami Beach, Florida 33139
- Longitude:
- W81° 51' 29.1''
- Latitude:
- N25° 47' 6''
- Building Area:
- 13,300 Sqft
- Construction Materials:
- Block
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,1031 Exchange
- Parcel Number:
- 02-32-33-018-0010
- Structure Type:
- Apartment
Commercial Sale For Sale
1240 14th St, Miami Beach, Florida 33139, Miami Beach, Florida 33139
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $3,990,000
- Year Built :
- 1958
- Lot Area :
- 9,750 Sqft
- MLS # :
- A11973033
- Property Sub Type :
- Multi Family
