730 14th Place, Miami Beach, FL 33139
- $5,900,000
- 5,074
- SqFt
- List Price
- $5,900,000
- MLS#
- A12052579
- Sq. Ft
- 5,074
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- Miami Ocean View Co Amd
- Region
- 2320
- Year Built
- 1933
Property Description
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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Additional Information
- Heating
- Electric, Separate Meters
- Cooling
- Central Air, Ceiling Fan(s)
- Roof
- Other
- Sewer
- Public Sewer
- Flooring
- Other
- Construction
- Block
- Living Area
- 5,074
- Elementary School
- Miami Beach Fienberg / Fisher K-8
- High School
- Miami Beach
Listing courtesy of Corte Real Estate Group LLC. Contact: