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Alton Beach Bay Front Re

$2,200,000

1311 15th Ter, Miami Beach, FL 33139

Active
Last Updated: 01/23/2025

131,580

NOI

3,581 sqft

Building Size

Details:
NOI:    $131,580
Building Size:    3,581 sqft
Units:    3
Year Built:    1925
Floors:    2
Parking Spots:    2
Gross Leaseable Area:    3,581
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Deposit Held, Deposit - Security, Investment Analysis, Copy Of Lease(S), Existing Survey
  • Architectural Style: Detached, Old Spanish
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall
  • Flooring: Tile
  • Construction Materials: CBS Construction
Description:

Shovel-ready opportunity or collect rent as-is! This legal 7-unit multi-family has 5 units in the main structure & 2
in the detached cottage. Main house: 3 studios (2 w/ a yard and 1 w/ a balcony); two 2-bed 1 bath units (1 w/ a
yard and 1 w/ a balcony). Back House: One 1-bed unit downstairs & another 1-bed unit upstairs. All Tenants enjoy a common back-yard & laundry. The shovel-ready project consists of an elegant four-story boutique building w/ underneath parking & a fantastic common rooftop w/ a pool & a summer kitchen! It will feature SIX identical 3-bed, 2-bath, 1310sqf units, two per floor & each one w/ a private wrap around balcony! There is a HUGE lack of 3/2 condos in boutique buildings in SoBe, and those few are highly sought after!

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