1115 Euclid Ave - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$3,950,000 USD
786-553-7228
1115 Euclid Ave, Miami Beach, FL for Sale
$3,950,000 USD
Apartments - FOR SALE
1/17
null | 5.42% Cap Rate

1115 Euclid Ave
Miami Beach, FL 33139
Flamingo


OVERVIEW

Prime South Beach multifamily investment opportunity located at 1115 Euclid Ave, Miami Beach, FL. The property consists of a 16-unit studio apartment building situated in one of Miami Beach’s most desirable and walkable neighborhoods, just steps from Flamingo Park and minutes from Lincoln Road, Ocean Drive, and the beach. The asset has undergone several capital improvements, including impact windows throughout the building and a new roof installed in 2024, significantly reducing near-term capital expenditure requirements. In addition, most of the units have been renovated, providing strong rental appeal and operational stability. The building successfully passed its 40-year recertification inspection in March 2020, providing additional confidence in the property's condition and compliance. South Beach continues to benefit from strong rental demand, limited multifamily supply, and world-renowned tourism, making this a compelling opportunity for investors seeking a well-located asset in one of South Florida’s most supply-constrained markets.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

16

PRICE/UNIT

$246,875

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

3900

APN/PARCEL ID

02-4203-009-1081

ASK ABOUT THIS PROPERTY

Damian NusynkierDalan RealtyMore Info
786-553-7228

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Damian NusynkierDalan RealtyMore Info
786-553-7228

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