934 Meridian Ave, Miami Beach, FL 33139

About 934 Meridian Ave, Miami Beach, FL 33139

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.

How This Listing Compares in Miami Beach

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

Home Features at 934 Meridian Ave, Miami Beach, FL 33139

Pool Private

No

The Building at 934 Meridian Ave, Miami Beach, FL 33139

Building Area Total

8807

Building Area Units

Square Feet

Association

No

Lot, Views & Construction at 934 Meridian Ave, Miami Beach, FL 33139

Lot Size Square Feet

7,000

Waterfront

No

View

No

New Construction

No

Taxes & Public Record for 934 Meridian Ave, Miami Beach, FL 33139

Parcel Number

02-42-03-009-4370

Tax Legal Description

3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 4 BLK 70 LOT SIZE 50.000 X 140 OR 10020 1445 0478 4

Zoning

3900

County Or Parish

Miami-Dade County

Map & Neighborhood