Listed by Cervera Real Estate
Unpriced
1240 14th St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,300
Units 12
Occupancy 100%
Tenancy Multi
Investment Type Value Add
1240 14th St, Miami Beach, FL 33139
Marketing description
Prime Corner Lot | 12-Unit Multifamily | 100% Occupied | Value-Add Opportunity
Presenting an Exceptional Investment Opportunity — a Fully Occupied, 12-Unit Multifamily Asset Ideally Positioned on A Highly Visible Corner Lot. This Well-Performing Property Offers Investors Immediate Cash Flow with Significant Upside Potential Through Strategic Rent Increases.
The asset consists of 10 one-bedroom/one-bathroom units and 2 two-bedroom/two-bathroom units, spread across a total building size of 13,300 square feet. The spacious, generously sized floor plans are a key differentiator, driving strong tenant retention and supporting premium rental rates — making these units among the most desirable in the submarket. 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.
Additional highlights include onsite parking, an amenity that commands added appeal in today’s competitive rental market and serves as a strong retention tool for tenants.
The corner lot positioning provides superior visibility, accessibility, and curb appeal — attributes that contribute to the property’s lasting tenant demand and long-term asset appreciation.
Investment highlights
- 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
- 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.
Listing Contacts
Listed by Cervera Real Estate
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