934 Meridian Ave, Miami Beach, FL 33139
934 Meridian Ave, Miami Beach, FL 33139
934 Meridian Ave, Miami Beach, FL 33139
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
William Gartin

William Gartin

+1(305) 842-6097
$4,300,000
Est. payment /mo
8,807 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,807 sqft

Price per Sqft $488

MLS Listing ID A12056657

HOA Y/N No

Year Built 1959

Lot Size 7,000 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Miami-dade

Area 32

Exterior

Private Pool Yes

Others

Tax ID 02-42-03-009-4370

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12056657

Read Less Info
Miami Association of Realtors (SEFMIAMI MLS)
Listed by Beachfront Realty Inc

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

William Gartin

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from William Gartin, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

};