1311 15th Ter, Miami Beach, FL 33139

Building Details

Year Built

1925

Listing agent Roberto Cuneo License #3260985

Listing office Coldwell Banker Realty c***@gmail.com Show Phone

Listing date Jul 2, 2024

Source Crexi

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Overview

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.

Suggested Use

Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Food Market Daycare Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Miami Beach

County

Miami-Dade

State

Florida

Longitude

-80.1359

Latitude

25.784

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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.