1311 15th Ter - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$2,500,000 USD
305-487-8487
1311 15th Ter, Miami Beach, FL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/41
null | Request Cap Rate

1311 15th Ter
Miami Beach, FL 33139
Flamingo


OVERVIEW

Development Land / Multifamily Redevelopment - Zoning: RM-1 (Residential Multifamily, Low Intensity) Shovel-Ready / City of Miami Beach Approved Plans Included- Bypass the Permitting Gauntlet: Includes fully approved plans by the City of Miami Beach. Skip the costly 18-to-24-month zoning and design delay—break ground almost immediately. Designed specifically to capture the massive shift in buyer demand. Today's buyers are actively fleeing oversupplied, aging, assessment-heavy towers in favor of low-density, modern privacy. Highly Coveted Product Type: Approved for six (6) oversized 3-Bedroom / 2-Bathroom residences (~1,310 SF each). This layout is severely undersupplied in a South Beach market saturated with generic studios and 1-bedrooms. Covered Land Play: Existing multifamily structures on-site can provide immediate holding income to offset carrying costs while finalizing your construction team. Premium End-User Amenities: Plans feature a secure gated parking structure (a massive premium in South Beach), private lobby entry, expansive wraparound terraces, and an exclusive rooftop pool/amenity deck.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$625 USD /SF

# OF UNITS

7

PRICE/UNIT

$357,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM-1

APN/PARCEL ID

02-3233-016-0050

ASK ABOUT THIS PROPERTY

Deni AlvarezLuxe Capital AdvisorsMore Info
305-487-8487

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Deni AlvarezLuxe Capital AdvisorsMore Info
305-487-8487

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