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South Beach, Miami Beach, FL 33139
Property Type
Multi Family
Central AC
No
Year Built
1958
Listing courtesy of Esther Santamaria of Cervera Real Estate Inc..
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.
0.22 Acres
Miami Beach
A11973033
South Beach
Multi Family
1958
Block
12
2
Two
1958
3900
South Beach
florida
Yes - Wall/Window Unit(s)
Yes - Wall Furnace
Public
Total$20,915.87/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
South Beach, Miami Beach, FL, is a lively coastal neighborhood known for its iconic beaches, historic Art Deco architecture, and vibrant social and cultural scene. Expansive sandy shores and clear…
Information is deemed reliable but is not guaranteed and should be independently verified.