1240 14th St
1240, 14th St, Miami Beach, FL, 33139Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- 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
Show all description
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.
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
Ask our real estate expert about this property
This Multifamily-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.