934 Meridian Ave Miami Beach, FL 33139
Other
MLS #: A12056657
Courtesy Of Beachfront Realty, Inc
Property InformationDescription
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, Espanola Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.
Features
- Age: Over 50 Years Old
- Building Units: 16
- Legal Description: 3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 4 BLK 70 LOT SIZE 50.000 X 140 OR 10020 1445 0478 4
- MLSID: A12056657
MAP & DIRECTIONS
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