1311 15 Ter Miami Beach, FL 33139
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Seven-unit apartment building, prime location.
Property Features for 1311 15 Ter
General Information
- Property type
- Multifamily properties
Building Details
- Year Built
- 1925
- Stories
- 2
- Units
- 7
Listing Agent: Roberto Cuneo
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 7-unit multifamily property in Miami Beach presents a compelling investment opportunity. Built in 1925, this two-story building comprises five units in the main structure and two in a detached cottage. The main building features three studios (two with yards, one with a balcony) and two two-bedroom, one-bathroom units (one with a yard, one with a balcony). The cottage offers one one-bedroom unit upstairs and another downstairs. All tenants share a common backyard and laundry facilities. The property is offered at $2,450,000. Alternatively, the site is shovel-ready for redevelopment into an elegant four-story boutique building. Plans call for six identical 1310-square-foot, three-bedroom, two-bathroom units, two per floor, each with a private wrap-around balcony, and underground parking. A fantastic common rooftop with a pool and summer kitchen is also envisioned. This redevelopment project capitalizes on the high demand for three-bedroom, two-bathroom condos in South Beach boutique buildings. The existing rental income provides immediate cash flow while the redevelopment potential offers significant long-term appreciation. Located at 1311 15th Ter, Miami Beach, FL 33139, this property is situated in Miami-Dade County.
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
- -80.1427854
- Latitude
- 25.7883406
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Seven-unit apartment building, prime location.
Where is this multifamily property located?
The property is located at 1311 15 Ter Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: $2,450,000 asking price for a 7-unit multifamily property.; Seven-unit apartment building, including a duplex/triplex/quadruplex structure.; Located at 1311 15th Ter, Miami Beach, FL 33139.
