1311 15th Ter Miami Beach, FL 33139
Legal 7-unit multifamily property with redevelopment potential.
Type:Multifamily
Property size:
3,581 SFPrice / SF:
$614/SF- Added:
- Jul 2, 2024
- Days on Market:
- 667
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1311 15th Ter
General Information
- Standard status
- Active
- Size
- 3,581 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agent Roberto Cuneo License #3260985
Listing office Coldwell Banker Realty
Listing date Jul 2, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Overview
Miami Beach Multifamily Redevelopment Opportunity
This property presents a shovel-ready opportunity or the option to collect rent as-is. It is a legal 7-unit multifamily property, featuring 5 units in the main structure and 2 in a detached cottage. The main house includes three studio apartments, two of which have a yard and one with a balcony, along with two 2-bedroom, 1-bath units, one with a yard and the other with a balcony. The back house contains one 1-bedroom unit downstairs and another 1-bedroom unit upstairs. All tenants have access to a common backyard and laundry facilities. The shovel-ready project involves constructing a four-story boutique building with underneath parking and a common rooftop area that includes a pool and summer kitchen. This new building will feature six identical 3-bedroom, 2-bath units, each measuring 1310 square feet, with two units per floor and each having a private wrap-around balcony. The property is located in Miami Beach, Florida.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1359
- Latitude
- 25.784
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Legal 7-unit multifamily property with redevelopment potential.
Where is this apartment building located?
The property is located at 1311 15th Ter Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Shovel‑ready opportunity to build a four‑story boutique building with six 3‑bed, 2‑bath units, each with a private wrap‑around balcony.; Existing legal 7‑unit multi‑family property provides immediate rental income.; Proposed building includes a common rooftop with a pool and summer kitchen.
