CORTE REAL ESTATE, as exclusive advisor, is pleased to present the opportunity to acquire 730 14th Place, a truly irreplaceable, fully gut-renovated multifamily asset located directly across from Flamingo Park in the heart of South Beach. Rarely does an investor have the opportunity to acquire a property that combines the character and charm of classic Miami Beach architecture with the infrastructure, systems, and finishes of effectively new construction.Following an extensive renovation program exceeding $1,300,000, ownership has repositioned the Property into a best-in-class rental asset with virtually every major component upgraded or replaced. The Property consists of 12 residential units, including (6) one-bedroom units, (2) two-bedroom units, and (4) studio apartments, all finished to a standard rarely seen in the South Beach multifamily market. The units are currently leased under 12-month agreements with average rents of approximately $3,100 per month, providing immediate in-place cash flow while preserving future rental upside.
| MLS # | A12052579 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1933 |
| Days On Site | 112 |
| Listing Provided By | Corte Real Estate Group LLC | Ugo Cortesano |
| SQ Feet | 5,074 |
|---|---|
| Story(s) | 2 |
| Units | 1 |
| Zoning | 3900 |
| Lot Features | Quarter To Half Acre Lot |
|---|
| Tax Annual Amount | 25934 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2320 |
| Community Name | MIAMI OCEAN VIEW CO AMD |
| Listing VS Median (in MIAMI OCEAN VIEW CO AMD) | |
Price: $5,900,000 low | high Med: $2,951,500 sqft: 5,074 low | high Med: 6,277 $ / sqft: $1,163 low | high Med: $582 On site: 112 low | high Med: 62.5 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2320 |
| Community Name | MIAMI OCEAN VIEW CO AMD |
| Listing VS Median (in MIAMI OCEAN VIEW CO AMD) | |
Price: $5,900,000 low | high Med: $2,951,500 sqft: 5,074 low | high Med: 6,277 $ / sqft: $1,163 low | high Med: $582 On site: 112 low | high Med: 62.5 | |