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1115 Euclid Ave 16 Unit Apartment Building $3,950,000 ($246,875/Unit) 5.42% Cap Rate Miami Beach, FL 33139
Executive Summary
Prime South Beach multifamily investment opportunity located at 1115 Euclid Ave, Miami Beach, FL. The property consists of a 16-unit studio apartment building situated in one of Miami Beach’s most desirable and walkable neighborhoods, just steps from Flamingo Park and minutes from Lincoln Road, Ocean Drive, and the beach.
The asset has undergone several capital improvements, including impact windows throughout the building and a new roof installed in 2024, significantly reducing near-term capital expenditure requirements. In addition, most of the units have been renovated, providing strong rental appeal and operational stability.
The building successfully passed its 40-year recertification inspection in March 2020, providing additional confidence in the property's condition and compliance.
South Beach continues to benefit from strong rental demand, limited multifamily supply, and world-renowned tourism, making this a compelling opportunity for investors seeking a well-located asset in one of South Florida’s most supply-constrained markets.
The asset has undergone several capital improvements, including impact windows throughout the building and a new roof installed in 2024, significantly reducing near-term capital expenditure requirements. In addition, most of the units have been renovated, providing strong rental appeal and operational stability.
The building successfully passed its 40-year recertification inspection in March 2020, providing additional confidence in the property's condition and compliance.
South Beach continues to benefit from strong rental demand, limited multifamily supply, and world-renowned tourism, making this a compelling opportunity for investors seeking a well-located asset in one of South Florida’s most supply-constrained markets.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,950,000 | Building Class | C |
| Price Per Unit | $246,875 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 8,860 SF |
| Cap Rate | 5.42% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.34/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 3900 - **Prime Location, Prime Returns**: Miami Beach ART Deco District. Situated walking distance from the best beach in the world. | ||
| Price | $3,950,000 |
| Price Per Unit | $246,875 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,860 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | 3900 - **Prime Location, Prime Returns**: Miami Beach ART Deco District. Situated walking distance from the best beach in the world. |
Amenities
Unit Amenities
- Air Conditioning
- Oven
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 02-4203-009-1081 | Total Assessment | $3,170,000 |
| Land Assessment | $1,400,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,770,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
02-4203-009-1081
Land Assessment
$1,400,000
Improvements Assessment
$1,770,000
Total Assessment
$3,170,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1115 Euclid Ave
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