730 14th Place, Miami Beach, FL 33139

$5,900,000
5,074
SqFt

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List Price
$5,900,000
Days on Market
19
MLS#
A12052579
Sq. Ft
5,074
Subtype
Quadruplex
County
Miami-Dade
Subdivision
Miami Ocean View Co Amd
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.

Additional Information

Construction
Block
Cooling
Central Air, Ceiling Fan(s)
Flooring
Other
Heating
Electric, Separate Meters
Roof
Other
Taxes
$25,934
Utilities
Cable Available
Stories
2
Price Per Sqft
$1,162
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach

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Listing courtesy of Corte Real Estate Group LLC. Contact:

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Agent: Ugo Cortesano | Email: ucortesano@gmail.com