1240 14th Street, Miami Beach, FL 33139
Listing Snapshot
| List Price | $3,990,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.22 acres |
| Year Built | 1958 |
| MLS # | 1153625102 |
| Status | Active |
| Days on Market | 98 |
About This Home
PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITYThis 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 Location100% 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.
General Features
- Property Type
- CommercialSale
- Sub-type
- MultiFamily
- Zoning
- 3900
Interior Features
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
Exterior Features
- Construction
- Block
Community Features
- MLS Area
- 2320
Map
Virtual Tour
View Virtual TourMLS# 1153625102 · BEACH
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Estimate Your Payment
20% down · Loan: $3,192,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.