About 1240 14th St
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.
Features of 1240 14th St
| MLS® # | A11973033 |
|---|---|
| USD | $3,990,000 |
| CAD | $5,516,574 |
| CNY | 元26,777,688 |
| EUR | €3,433,391 |
| GBP | £2,947,688 |
| RUB | ₽343,754,859 |
| Bathrooms | 0.00 |
| Year Built | 1958 |
| Type | Business |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1240 14th St |
|---|---|
| Area | 32 |
| City | Miami Beach |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33139-3772 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Window Unit, Wall Furnace |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Construction | Block |
|---|