Commercial property in Miami Beach, Florida № 2052880
ID2052880
$ 3 990 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
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 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.
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.
MLS #: A11973033
Contact the seller
CityMiami Beach
Address1240 14th St, Miami Beach FL 33139
TypeCommercial property
Completion dateIV quarter, 1958
Price
- Price
- per m²
$ 3 990 000
- EUR €
- USD $
- RUB ₽
- GBP £