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1770 Meridian Ave Miami Beach FL 33139 MLS #A11538221

1770 Meridian Ave
Miami Beach, FL, 33139
$12,990,000
Beds
0 Bathrooms
23,234 SqFt
0 Acres
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$12,990,000
1770 Meridian Ave
Miami Beach, FL, 33139
MLS #A11538221 image #0MLS #A11538221 image #1MLS #A11538221 image #2MLS #A11538221 image #3MLS #A11538221 image #4MLS #A11538221 image #5MLS #A11538221 image #6MLS #A11538221 image #7MLS #A11538221 image #8MLS #A11538221 image #9

Project Description

SOUTH BEACH – Income-producing, 31-unit apartment building in a strategic corner location between the Miami Beach Golf Club and Lincoln Road, across the street from the new 5.8 acre Pride Park, the Miami Beach Convention Center and City Hall. The two-story, courtyard property offers a mix of studios, one and two-bedroom units plus a laundry room in a lush, tropical garden setting. 22 studios, 4 one-bed, 5 two-bed units. RM-2 zoning allows for 14,000+ additional square footage in a world-class destination. Cash-flowing with high occupancy As-Is. Opportunity to renovate or redevelop for short term or long term rentals.

Property Details

Price:
$12,990,000
MLS #:
A11538221
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Feb 15, 2024
Finished Sq Ft:
23,234
Total Sq Ft:
23,234
Year Built:
1954
Apartments,residential-multi-familyIncome Non-waterfront

Schools

Interior

Cooling
Wall/Window Unit(s)

Exterior

Construction Materials
CBS Construction
Parking Features
On Street
Roof
Built-Up
Security Features
Smoke Detector(s)

Financial

Tax Year
2024
Taxes
$112,747

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1770 Meridian Ave
Miami Beach, FL