1414 Euclid Ave - Apartments FOR SALE


Miami Beach, FL 33139
$3,750,000 USD
786-210-9971
1414 Euclid Ave, Miami Beach, FL for Sale
$3,750,000 USD
Apartments - FOR SALE
1/28
null | 5.1% Cap Rate

1414 Euclid Ave
Miami Beach, FL 33139


HIGHLIGHTS

  • Amazing Investor opportunity to buy a Multifamily income property in a strategic location with high demand for lease insuring an asset appreciation.
  • Perfectly located within walk in distance from the Beach, to South Beach attractions such shopping, restaurants and Nightlife
  • A combination of 4 Large studios & 8 Junior 1 bedrooms apartments fully occupied with and upside in raising rents to market rate

OVERVIEW

A FEW BLOCKS FROM THE OCEAN. Perfectly located in the heart of South Beach Art Deco Neighborhood. 1414 Euclid Avenue is well performing income property in a strategic location. This property was built in 1937, covers a 7,000 square foot lot. The building is features 4 large studio of (565 SF) and 8 junior one-bedroom ( Studios with wall separation ) sizing from (510 and 535 SF). Eight of the twelve units have been updated with new kitchens. Functional bathrooms, restored original wood floors, crown moldings, stainless steel appliances, granite countertops, custom cabinetry, and plenty of storage. All twelve units feature PTAC A/C units and replacement windows. Offering Memorandum available upon request

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

12

PRICE/UNIT

$312,500

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Beach 12 Unit Art Deco Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

RM-1

APN/PARCEL ID

02-4204-007-0100

ASK ABOUT THIS PROPERTY

Nathan KakonCharles Rutenberg RealtyMore Info
786-210-9971

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Nathan KakonCharles Rutenberg RealtyMore Info
786-210-9971

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.