1460 West AveMiami Beach, FL 33139

Property Details for 1460 West Ave

Year built

1947

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Miami Beach

County

Miami-Dade

State

Florida

Latitude

25.7871

Longitude

-80.1425

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