Price: $3,000,000 | 7,660 s.f. | Beds | Baths
| Listing Price: | $3,000,000 |
| Price per Square Foot: | |
| Beds: | |
| Baths: | |
| Interior Space: | 0 s.f. (0.0 m²) |
| Total Size: | 7,660 s.f. (711.6 m²) |
| Monthly Maintenance Fee: | $0 |
| Taxes (): | $39,209 |
| Reference: | A12112001 |
| See this property on BHSUSA.com | |
Excellent opportunity to acquire a 14-unit multifamily investment property in the heart of South Beach, Miami Beach. The property consists of 12 studio apartments and 2 one-bedroom units, generating an actual annual Net Operating Income (NOI) of $98,200, with Potential Gross Income (PGI) of $163,000. The property offers compelling value-add potential through interior renovations and unit reconfigurations. Notably, 10 of the 12 studios feature spacious "junior one-bedroom" layouts, presenting an opportunity to potentially convert these units into true one-bedroom apartments, subject to applicable building requirements and approvals. Combined with strategic interior improvements, these enhancements offer an opportunity to increase rental revenue, strengthen operating performance, and enhance long-term asset value. Ideally located in a highly walkable South Beach neighborhood, residents enjoy convenient access to grocery stores, dining, public transportation, local employment centers, and Flamingo Park, with the world-famous beaches of Miami Beach just a short distance away. This property presents an attractive opportunity for investors seeking an established income-producing multifamily asset with additional upside potential in one of South Florida's most desirable coastal rental markets.
The MLS data provided for the property above (MLS#A12112001) is provided courtesy of Cardenas Larocca Real Estate LLC. Source: Southeast Florida MLS. Data updated 10/25/2026. Information is deemed reliable but not guaranteed. Copyright © 2026. The listing data on this page comes in part from the Internet Data Exchange (IDX), a collaboration between the following REALTOR(R) associations in the South Florida Multiple Listing Service (MLS): Miami Realtor Association, Realtor Association of Greater Ft. Lauderdale and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is believed to be accurate, but is not warranted. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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