Price: $4,300,000 | 8,807 s.f. | Beds | Baths
| Listing Price: | $4,300,000 |
| Price per Square Foot: | |
| Beds: | |
| Baths: | |
| Interior Space: | 0 s.f. (0.0 m²) |
| Total Size: | 8,807 s.f. (818.2 m²) |
| Monthly Maintenance Fee: | $0 |
| Taxes (): | $0 |
| Reference: | A12056657 |
| See this property on BHSUSA.com | |
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.
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