1438 Meridian Ave, Miami Beach, FL 33139

About 1438 Meridian Ave, Miami Beach, FL 33139

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.

How This Listing Compares in Miami Beach

Per square foot, it is asking 16% below the Miami Beach median for sales closed over the last twelve months.

Medians from closed MLS sales in Miami Beach; a starting point, not an appraisal.

Home Features at 1438 Meridian Ave, Miami Beach, FL 33139

Interior Features

Stairs

Flooring

Tile, Wood

Heating

Electric

Cooling

Central Air, Electric

Pool Private

No

Year Built Details

Resale

Property Condition

Substantially Remodeled

The Building at 1438 Meridian Ave, Miami Beach, FL 33139

Building Name

ESPANOLA VILLAS 1ST ADDN

Building Area Total

4644

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Association Fee

0

Association Fee Frequency

Monthly

Lot, Views & Construction at 1438 Meridian Ave, Miami Beach, FL 33139

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Built-Up

Exterior Features

Balcony

Sewer

Public Sewer

Water Source

Municipal Water

New Construction

No

Taxes & Public Record for 1438 Meridian Ave, Miami Beach, FL 33139

Parcel Number

02-32-34-015-0260

Tax Annual Amount

$24,505

Tax Year

2,025

Tax Legal Description

ESPANOLA VILLAS 1ST ADDN PB 9-147 LOT 1 LESS N3FT FOR ST BLK 7 B LOT SIZE 50.000 X 78 OR 13958-1044 0189 1 COC 23431-2532 05 2005 1

Zoning

2800

County Or Parish

Miami-Dade County

Map & Neighborhood