1240 14th St, Miami Beach, FL 33139

 
MLS #: A11973033
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Price: $3,990,000 MLS Number: A11973033  Commercial / Investment
 Address: 1240 14th St, Miami Beach, Florida 33139 USA
 Year Built: 1958
 
 Lot Square Feet: 9,750
 
 Lot Dimensions: 9750
 
 
 Remarks:
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: テつキ Unit Mix: 10 x 1BD/1BA | 2 x 2BD/2BA テつキ Total Building Size: 13,300 SF テつキ Occupancy: 100% テつキ Onsite Parking テつキ Below-Market Rents | Strong Value-Add Upside テつキ 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.
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