632 15th StMiami Beach, FL 33139

Description

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.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Fourplex

Year built

1930

Stories

2

Living area

5,939 Sq Ft

Parking spaces

2

Days on market

303

MLS^® Listing#

A11940926

Property Features

Cooling

Central Air

Heating

Electric

Flooring

Hardwood · Tile · Wood

Pool

None

Construction

Block

Roof

Other

Utilities

Cable Available

Sewer

Public Sewer

Financial Details

Annual taxes

$32,992Tax year 2025

Parcel number

02-32-34-002-1890