Commercial Real Estate

CommercialSaleMultifamilyFLMiami Beach1240, 14th St, Miami Beach, FL, 33139

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Floors: 2
  • Lot size: 9750, 9750 sq ft
  • Year built: 1958
  • County: Miami-Dade
  • MLS ID: A11973033

Description

  • Description:

    BAY VIEW SUB PB 9-110 LOT 8 BLK 81 LOT SIZE 65.000 X 150 OR 19712-4095 0501 1 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.

    Show all description

Building Details

  • Structure Type: Apartment
  • Water Source: Public
  • Construction Materials: Block
  • Covered Spaces: 0
  • Levels: Two
  • Number Of Buildings: 1

Amenities & Features

  • Cooling: WallWindowUnits
  • Heating: WindowUnit,WallFurnace

Miscellaneous

  • List Office Name: Cervera Real Estate Inc.
  • Listing Terms: Cash,Conventional,Exchange1031

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This -type commercial real estate is located in 1240, 14th St, Miami Beach, FL, 33139 was built in 1958, and is listed at $3,990,000.

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