730 14th Place, Miami Beach, Florida 33139 USA

$5,900,000 Single Family MLS® A12052579

Living Area
5,074

HOA Fees
$0
Year Built
1933

Subdivision
MIAMI OCEAN VIEW CO AMD
Community
MIAMI OCEAN VIEW CO AMD

About this Property

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.

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Disclaimer

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Corte Real Estate Group LLC.

$5,900,000

Living Area
5,074
HOA Fees
$0
Year Built
1933
Subdivision
MIAMI OCEAN VIEW CO AMD
Community
MIAMI OCEAN VIEW CO AMD

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