Arenci Properties Realty is pleased to present the unique opportunity to acquire this land lease property with an excellent income-producing 14-unit multifamily building in the heart of South Beach, FL. The building offers a healthy unit mix of studios and one- and two-bedroom units, all fully rented with low expenses and quality long-term tenants. The land lease in place is a favorable structure expiring in 21 years with low fixed annual lease payments for the remainder of the term and no escalations. The building is well-kept and managed. It received a new roof and unit updates throughout in December 2024. It is ideally located in the heart of South Beach and near the historic Art Deco District, just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurants, and cafes. This offering presents a great cap rate in a strong rental market with upside on rents. Financing opportunities are available. Inquire today for more information; property financials are available upon request.