1240 14th St 12 Unit Apartment Building $3,900,000 ($325,000/Unit) 5.30% Cap Rate Miami Beach, FL 33139

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.
Property Highlights:
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 Summary:
· 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. Please reach out to Esther to schedule a showing at 786.359.8373