Prime investment opportunity in South Beach. This income-producing five-unit boutique building sits on a corner lot at Meridian Avenue and 8th Street, one of the most picturesque and desirable residential locations in Miami Beach. The property offers strong upside potential and is zoned 4900 Multi-Family with a 1.25 FAR,potential for… Read More up to approx 5,250 square feet of buildable area. An excellent candidate for redevelopment, condo deconversion to multifamily, or value-add renovations to increase rental income. Great for a 1031 buyer and provides stable rental income, with historically high occupancy throughout ownership. The property includes five tandem, partially covered parking spaces accommodating up to 10 cars. A rare and versatile South Beach asset within walking distance of the beach, Flamingo Park, shops, restaurants, and the sought-after South of Fifth neighborhood. Read Less
Courtesy of Uri Redler, Location3 International, LLC. 305-776-6222
Listing Snapshot
Days Online
26
Last Updated
Property Type
Multi Family
Square Ft.
3,200
Lot Size
0.1 Acres
MLS Number
A12066561
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
Building features: Storage, Construction materials: CBS, Toal building area: 3200, 5 total units
Cooling
Wall/Window Unit(s)
Floors
Laminate, Tile
Heating
Window/Wall
Lot
0.1 acres
Parking
Guest, 5 total parkings
Property
Zoning: 4900
Roof
Tile
Security Features
Fire Alarm, Smoke Detector(s)
Sewer
Public Sewer
Tenant Pays
Gas, Oil
Utilities
Natural Gas Connected
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