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. Currently generating over $210,000+ in rent, opportunity to add value for even higher rents. Call today for more information.
| MLS # | A11940926 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 259 |
| Listing Provided By | Fortune International Realty | Jordan Lederman |
| SQ Feet | 5,939 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | 3900 |
| Tax Annual Amount | 32992 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2320 |
| Community Name | LINCOLN SUB |
| Listing VS Median (in LINCOLN SUB) | |
Price: $2,650,000 low | high Med: $3,000 sqft: 5,939 low | high Med: 650 $ / sqft: $446 low | high Med: $5 On site: 259 low | high Med: 112 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2320 |
| Community Name | LINCOLN SUB |
| Listing VS Median (in LINCOLN SUB) | |
Price: $2,650,000 low | high Med: $3,000 sqft: 5,939 low | high Med: 650 $ / sqft: $446 low | high Med: $5 On site: 259 low | high Med: 112 | |
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