$5,900,000 ($1,162.79 per sqft)

Est. Mortgage $28,679/mo *

Quick Pre-Approval

730 14th Place, Miami Beach, FL, 33139

730 14th Place, Miami Beach, FL, 33139

1933

5,074 sqft

CORTE REAL ESTATE, as exclusive advisor, is pleased to present the opportunity to acquire 730 14th Place, a truly irreplaceable, fully gut-renovated multifamily asset located directly across from Flamingo Park in the heart of South Beach. Rarely does an investor have the opportunity to acquire a property that combines the character and charm of classic Miami Beach architecture with the infrastructure, systems, and finishes of effectively new construction.Following an extensive renovation program exceeding $1,300,000, ownership has repositioned the Property into a best-in-class rental asset with virtually every major component upgraded or replaced. The Property consists of 12 residential units, including (6) one-bedroom units, (2) two-bedroom units, and (4) studio apartments, all finished to a standard rarely seen in the South Beach multifamily market. The units are currently leased under 12-month agreements with average rents of approximately $3,100 per month, providing immediate in-place cash flow while preserving future rental upside.


Status:

Active

Type:

Multi-family

Units:

1

Zoning:

3900

Subdivision:

MIAMI OCEAN VIEW CO AMD

Heating:

Electric, Separate Meters

Cooling:

Central Air, Ceiling Fan(s)

Levels:

2

Est. Taxes:

$25,934

Construction

CBS

Utilities

Cable Available

Elementary School:

Miami Beach Fienberg / Fisher K-8

High School:

Miami Beach

Days on Market:

3

MLS #:

A12052579


Community Info

School Info

Walk Score

Yelp


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