1460 West Ave Miami Beach, FL 33139
This exceptional two-story, 1947-built apartment building in Miami Beach's desirable South Beach area presents a compelling investment opportunity. Situated on a corner lot, this multifamily property boasts a total land area of 6,720 square feet and comprises four spacious units, each approximately 1,191 square feet and featuring two bedrooms and two bathrooms. Currently, three of the four units are rented and included in the asking price of $1,850,000. A fourth unit, completely remodeled, is available separately. The property's RM-1 zoning allows for new development up to 55 feet high and four stories, offering significant potential for future expansion or redevelopment. Its prime location offers convenient access to Lincoln Road, shops, beaches, restaurants, major grocery stores, and the Venetian Causeway. Each unit includes its own on-site parking. This income-producing property provides immediate cash flow while presenting exciting possibilities for future development or unit upgrades. The property's size and location make it an ideal investment for both seasoned and aspiring real estate investors.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.