So. Beach 29-Unit Multifamily Portfolio Multi-Family FOR SALE


Miami Beach, FL - Flamingo
$7,700,000 USD
305-342-7442
, Miami Beach, FL for Sale
$7,700,000 USD
Multi-Family - FOR SALE
1/44
null | 4.52% Cap Rate

So. Beach 29-Unit Multifamily Portfolio
Miami Beach, FL
Flamingo


HIGHLIGHTS

  • • Below-market rents with major upside
  • • Current combined gross income: $521,700
  • • Majority 1BR units (high tenant demand)
  • • Classic South Beach studio mix for flexibility
  • • Parking component at 846 Lenox (rent premium potential)
  • • Impact windows installed at 846 Lenox

OVERVIEW

Rare chance to acquire two South Beach multifamily buildings totaling 29 units with completed 40-year recertifications and significant value-add potential. Both properties offer below-market rents and highly walkable locations, making this an ideal portfolio for investors seeking scale in a supply-constrained submarket. 846 Lenox Investment Highlights: • 13 1BR/1BA units • Covered parking (rare for the area) • Built in the 1980s • Gross income: $232,200 • Impact windows installed • 40-year recertification completed • Strong rental upside through renovations and repositioning 1333 Meridian Investment Highlights • 16 units | 7,740 SF • 12 studios + 4 one-bedroom units • Current gross income: $289,500 • One vacancy = immediate upside • 40-year recertification completed • Strong value-add potential through rent repositioning • Walkable South Beach location near Lincoln Rd and across from Flamingo Park

ASK ABOUT THIS PROPERTY

Rosy CancelaColdwell Banker Real Estate & MortgageMore Info
305-342-7442

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Rosy CancelaColdwell Banker Real Estate & MortgageMore Info
305-342-7442

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