South Beach 12 Unit Art Deco Building | 1414 Euclid Ave
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South Beach 12 Unit Art Deco Building 1414 Euclid Ave
12 Unit Apartment Building $3,750,000 ($312,500/Unit) 5.10% Cap Rate Miami Beach, FL 33139
Investment Highlights
- Amazing Investor opportunity to buy a Multifamily income property in a strategic location with high demand for lease insuring an asset appreciation.
- A combination of 4 Large studios & 8 Junior 1 bedrooms apartments fully occupied with and upside in raising rents to market rate
- Perfectly located within walk in distance from the Beach, to South Beach attractions such shopping, restaurants and Nightlife
Executive Summary
A FEW BLOCKS FROM THE OCEAN. Perfectly located in the heart of South Beach Art Deco Neighborhood. 1414 Euclid Avenue is well performing income property in a strategic location. This property was built in 1937, covers a 7,000 square foot lot. The building is features 4 large studio of (565 SF) and 8 junior one-bedroom ( Studios with wall separation ) sizing from (510 and 535 SF). Eight of the twelve units have been updated with new kitchens. Functional bathrooms, restored original wood floors, crown moldings, stainless steel appliances, granite countertops, custom cabinetry, and plenty of storage. All twelve units feature PTAC A/C units and replacement windows. Offering Memorandum available upon request
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Storage Space
- Heating
- Tile Floors
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Dining Room
- Handrails
- Linen Closet
- Patio
Site Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Gas Range
- Recycling
- Trash Pickup - Curbside
- Vintage Building
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 736 |
| Studios | 4 | - | - |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 02-4204-007-0100 | Total Assessment | $2,700,000 |
| Land Assessment | $1,540,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,160,000 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
02-4204-007-0100
Land Assessment
$1,540,000
Improvements Assessment
$1,160,000
Total Assessment
$2,700,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | RM-1 (RM-1 Residential Multifamily, Low Intensity) |
| RM-1 (RM-1 Residential Multifamily, Low Intensity) |
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South Beach 12 Unit Art Deco Building | 1414 Euclid Ave
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