$3,150,000
645 Lenox Ave, Miami Beach, FL 33139
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934 Meridian Ave, Miami Beach, FL 33139
$4,300,000— Beds— Baths
Miami Beach, FL 33139
Status
Active
Type
Income/MultiFamily
Year Built
1959
Days on Market
62
Lot Size
7,000 sqft
MLS #
A12056657
About This Home
Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.
Building & Association
- Association
- No
Lot & Construction
- Lot Size Square Feet
- 7,000
- Waterfront
- No
- View
- No
- New Construction
- No
Public Records
- Parcel Number
- 02-42-03-009-4370
- Zoning
- 3900
- County Or Parish
- Miami-Dade County
Location
Courtesy of Beachfront Realty Inc
