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 listing is courtesy of Esther Santamaria at Cervera Real Estate Inc. em:esther@cervera.com ph:786-359-8373.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0232330180010 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 02-2330-018-0010 (0232330180010)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 1240 14 St
City: Miami Beach
State: Florida
Zip Code: 33139-3772 (Listings)
County: Miami-Dade (Listings)
  -
Building Size - English*
Living Square Feet: 13,300
Actual Square Feet: 13,300
Adjusted Square Feet: 10,565
  -
Lot Size - English*
Lot Size (sf): 9,750
Lot Size (acres): 0.22
  -
Building Size - Metric*
Living Square Meters: 1,235.61
Actual Square Meters: 1,235.61
Adjusted Sq M: 981.52
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Lot Size - Metric*
Lot Size (sq m): 906
Lot Size (ha): 0.09
  -
Zoning & Land Use*
Land Use: 0303 - Multifamily 10 Units Plus : Multifamily 3 Or More Units
Zoning: 3900 - Multi-family - 38-62 U/a
Municipal Zoning: RM-1 (Miami Beach)
All Listed | All Properties
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Prior Sale*
Type: Corrective, tax or QCD; min consideration
Qual: U
Date: 09/30/2016
Amount: $0
  -
Prior Sale #2* (Second to Last)
Type: Sales type info not available
Qual: Q
Date: 05/01/2001
Amount: $815,000
  -
Prior Sale #3* (3rd to Last)
Type: Sales type info not available
Qual: U
Date: 03/01/1996
Amount: $0
  -
Taxable Values*
Tax Year: 2024
Land: $2,778,750
Building: $10,000
Total: $2,788,750
Assessed: $2,017,675
County Taxable: $2,017,675
City Taxable: $2,017,675
Mill Code: 0200
  -
Ownership*
Owner 1: South Beach Apartments Llc
Mailing Address: 2111 Lucerne Ave
Mailing City: Miami Beach
Mailing State: Fl
Mailing Zip: 33140
Mailing Country: USA
  -
Building Information*
Stories: 2
Units: 12
  Price $332,500 per unit (compare)
Year Built: 1958
Effective Year Built: 1958
Extra Features 1: Paving - Asphalt
Extra Features 2: Cent A/c - Comm (aprox 300 Sqft/ton)
Extra Features 3: Cent A/c - Comm (aprox 300 Sqft/ton)
  -
Legal Description*
Legal Description Concatenated: BAY VIEW SUB PB 9-110 LOT 8 BLK 81 LOT SIZE 65.000 X 150 OR 19712-4095 0501 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.