Miami Ocean View Co Amd
$5,900,000
730 14th Pl, Miami Beach, FL 33139
5,074 sqft
Building Size
1
Units
Details:
Highlights:
- Lot Features: 1/4 To Less Than 1/2 Acre Lot
- Documents Available: Financial Statement, Investment Analysis
- Architectural Style: Other
- Cooling: Ceiling Fan(s), Central Air
- Heating: Electric
- Flooring: Other
- Construction Materials: CBS Construction
Description:
CORTE REAL ESTATE, as exclusive advisor, is pleased to present the opportunity to acquire 730 14th Place, a truly irreplaceable, fully gut-renovated multifamily asset located directly across from Flamingo Park in the heart of South Beach. Rarely does an investor have the opportunity to acquire a property that combines the character and charm of classic Miami Beach architecture with the infrastructure, systems, and finishes of effectively new construction.
Following an extensive renovation program exceeding $1,300,000, ownership has repositioned the Property into a best-in-class rental asset with virtually every major component upgraded or replaced. The Property consists of 12 residential units, including (6) one-bedroom units, (2) two-bedroom units, and (4) studio apartments, all finished to a standard rarely seen in the South Beach multifamily market. The units are currently leased under 12-month agreements with average rents of approximately $3,100 per month, providing immediate in-place cash flow while preserving future rental upside.
Location
Gallery
