934 Meridian Ave, Miami Beach FL 33139

Description of 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.

Property Details for 934 Meridian Ave, Miami Beach FL 33139

Pool Private

No

Building Information for 934 Meridian Ave, Miami Beach FL 33139

Building Area Total

8807

Building Area Units

Square Feet

Association

No

Property Information for 934 Meridian Ave, Miami Beach FL 33139

Lot Size Square Feet

7,000

Waterfront

No

View

No

New Construction

No

Public Records 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

Location