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632 15th St
Miami Beach, FL 33139
Multifamily Property For Sale
·
8 Units
Investment Highlights
- THE ELIZABETH - PRIME SOUTH BEACH MULTIFAMILY
- HIGH-RENT ASSET IN A+ LOCATION
Executive Summary
THE ELIZABETH - PRIME SOUTH BEACH MULTIFAMILY | HIGH-RENT ASSET IN A+ LOCATION. Rare opportunity to acquire a 8-unit multifamily in the heart of South Beach, just steps from Lincoln Road, Flamingo Park, Española Way, and the beach—one of Miami Beach’s strongest rental corridors. 8 updated 1-beds/1-baths, every unit features CENTRAL A/C and IN-UNIT WASHER & DRYER, a rare combination that directly supports above-market rents, low vacancy, and strong tenant demand. 100% Leased. Additional features include impact windows, gated access, and private outdoor space. Fully 40-year recertified and zoned RM-1, this asset offers immediate cash flow with long-term upside in a supply-constrained, lifestyle-driven submarket. Opportunity to add value for even higher rents. Call today for more information.
Property Facts
| Price Per Unit | $513,112 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,424 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Low-Rise | Parking Ratio | 0.46/1,000 SF |
| Building Class | C | ||
| Zoning | 3900 - MULTI-FAMILY - Zoning: 3900 SECTION: 34 DEVELOPMENT: LINCOLN SUB | ||
| Price Per Unit | $513,112 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,424 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | 3900 - MULTI-FAMILY - Zoning: 3900 SECTION: 34 DEVELOPMENT: LINCOLN SUB |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 800 |
Property Taxes
| Parcel Number | 02-3234-002-1890 | Improvements Assessment | $813,482 CAD |
| Land Assessment | $1,641,960 CAD | Total Assessment | $2,455,442 CAD |
Property Taxes
Parcel Number
02-3234-002-1890
Land Assessment
$1,641,960 CAD
Improvements Assessment
$813,482 CAD
Total Assessment
$2,455,442 CAD
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