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.