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 Beachfront Realty Inc, Marilina R Apfelbaum, 305-534-4242.
Listing Snapshot
Days Online
95
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
$1.85M
0%
(avg) sold price
0
-100%
homes sold
150
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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