934 Meridian Ave, Miami Beach FL 33139
Miami Beach, FL 33139
$4,300,000
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- Price
- $4,300,000
- Building size
- 8,807
- Property type
- Income/MultiFamily
- Year built
- 1959
- Lot size (sq ft)
- 7,000
- MLS number
- A12056657
This listing is courtesy of Beachfront Realty Inc, 305-405-0615.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1959
- Lot size (sq ft)
- 7,000
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC