1240 14th St ,Apartments for Sale & Rent

1240 14th St for Sale & Rent

Price $3,990,000.00

• Lot size 13300
• Year Build 1958
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

BAY VIEW SUB PB 9-110 LOT 8 BLK 81 LOT SIZE 65.000 X 150 OR 19712-4095 0501 1

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.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7849796,Cooling Y N:1,Heating Y N:1,List Price:3990000,Listing Id:A11973033,Longitude:-80.1419137,Mls Status:Active,Year Built:1958,Postal Code:33139,Street Name:14th St,Coordinates:1:25.7849796,Photos Count:37,Days On Market:1,Listing Terms:1:Conventional/Refinance,2:Exchange,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2026-02-26,Parcel Number:02-32-33-018-0010,Property Type:Commercial Sale,Stories Total:2,Street Number:1240,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2026-05-19,List Office Name:Cervera Real Estate Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3772,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:1240 14th St, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Building Area Total:13300,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:9750,M I A M I R E_ Flood Zone:AE,Number Of Buildings:1,Original List Price:3990000,Public Survey Range:32,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-02-26,Originating System I D:miamire,Public Survey Section:33,Street Number Numeric:1240,Tax Legal Description:BAY VIEW SUB PB 9-110 LOT 8 BLK 81 LOT SIZE 65.000 X 150 OR 19712-4095 0501 1,M I A M I R E_ Current Price:3990000,Public Survey Township:32,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:PRIME CORNER LOT | 12-UNIT MULTIFAMILY |100% OCCUPIED | VALUE-ADD. 100% Occupied. Onsite Parking Below-Market Rents. High-Visibility Corner Location.,M I A M I R E_ Parcel Number M L X:0010,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.784974$-80.141939$109.75$13.33$1.00$vfzUHHI9uqoeNBlIfMbf2A,Contract Status Change Date:2026-02-26,Internet Address Display Y N:1,Number Of Units In Community:12,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:18,M I A M I R E_ Agent Alternate Phone:786-359-8373,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1240 14th St,