1240 14th St
$3,990,000
1240 14th St, Miami Beach, FL 33139
13,300 sqft
Building Size
12
Units
Details:
Highlights:
- Number Of Buildings: 1
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Construction Materials: CBS Construction
Description:
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.
Location
Gallery