1438 Meridian Ave, Miami Beach, FL 33139
1438 Meridian Ave, Miami Beach, FL 33139
1438 Meridian Ave, Miami Beach, FL 33139
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$2,400,000
Est. payment /mo
4,644 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,644 sqft

Price per Sqft $516

Subdivision Espanola Villas 1St Addn

MLS Listing ID A12023899

Style Fourplex

HOA Y/N Yes

Year Built 1936

Annual Tax Amount $24,505

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income.
Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes.
Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods.
The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.

Location

State FL

County Miami-dade

Community Espanola Villas 1St Addn

Area 32

Interior

Heating Electric

Cooling Central Air, Electric

Flooring Hardwood, Tile, Wood

Window Features Impact Glass

Exterior

Exterior Feature Balcony

Pool None

Utilities Available Cable Available

Roof Type Built-Up

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 02-32-34-015-0260

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12023899


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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fortune International Realty
Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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1438 Meridian Ave