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

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$4,300,000
Est. payment /mo
8,807 SqFt
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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

Zoning 3900

Exterior

Private Pool Yes

Others

Tax ID 02-42-03-009-4370

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

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

Nearby Locations

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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934 Meridian Ave