Miami Beach, FL 33139 1240 14th St
$3,990,000



31 more































Presented By: This listing is courtesy of Cervera Real Estate Inc.
Home Details
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.
Presented By: This listing is courtesy of Cervera Real Estate Inc.
Interior Features for 1240 14th St
Bedrooms
Total Bedrooms10
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
General for 1240 14th St
CityMiami Beach
Construction MaterialsBlock
CoolingWall/Window Unit(s)
CountyMiami-Dade
Full Baths
HeatingWindow Unit, Wall Furnace
Legal DescriptionBAY VIEW SUB PB 9-110 LOT 8 BLK 81 LOT SIZE 65.000 X 150 OR 19712-4095 0501 1
LevelsTwo
Listing TermsCash, Conventional, 1031 Exchange
Lot Size Square Feet9750
Lot Size UnitsSquare Feet
MLS Area32
Number Of Units Total12
Occupancy TypeCall Agent
PostalCityMiami Beach
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Stories Count2
Structure TypeApartment
Virtual TourClick here
Year Built1958
Zoning Description3900
Exterior for 1240 14th St
Building Area Total13300
Covered Spaces
Lot Size Area9750
Number of Buildings1
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Irving Lora
Realtor®
SQFT • 13,300