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… Read More 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. Read Less
Courtesy of Marilina R Apfelbaum, Beachfront Realty Inc 305-405-0615
Listing Snapshot
Days Online
54
Last Updated
Property Type
Multi Family
Square Ft.
8,807
Lot Size
0.16 Acres
Year Built
1959
MLS Number
A12056657
30 Days Snapshot Of 33139
$1.71M
+140%
(avg) sold price
32
-54%
homes sold
148
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1959, Toal building area: 8807
Lot
0.16 acres
Property
Zoning: 3900
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