PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITY
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. 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
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.
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. 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
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.
Property Details
Price:
$3,990,000
MLS #:
A11973033
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Feb 26, 2026
Total Sq Ft:
13,300
Year Built:
1958
See this Listing
Schools
Interior
Cooling
Wall/Window Unit(s)
Heating
Wall/Window Units
Exterior
Construction Materials
CBS Construction
Stories
2
Financial
Map
Community
- Address1240 14th St Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
Subdivisions in Miami Beach
Market Summary
Current real estate data for Commercial in Miami Beach as of Apr 30, 2026
127
Commercial Listed
194
Avg DOM
$3,278,164
Avg List Price
Property Summary
- 1240 14th St Miami Beach FL is a Commercial for sale in Miami Beach, FL, 33139. It is listed for $3,990,000 To schedule a showing of MLS#a11973033 at 1240 14th St in Miami Beach, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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