1770 Meridian Ave - Apartments FOR SALE


Miami Beach, FL 33139
$12,990,000 USD
305-695-4253
1770 Meridian Ave, Miami Beach, FL for Sale
$12,990,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1770 Meridian Ave
Miami Beach, FL 33139


HIGHLIGHTS

  • · Gated, 31-unit apartment building with a laundry room
  • · 22 studios, 4 one-bed units, and 5 two-bed units
  • · Income-producing property with high occupancy
  • · Across from Pride Park, the Convention Center, and City Hall
  • · Steps from the Miami Beach Botanical Gardens and the Holocaust Memorial
  • · Two blocks from Lincoln Road's fashionable shops, restaurants, and entertainment

OVERVIEW

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. RM-2 zoning allows for 14,000+ additional square footage in a world-class destination. Cash-flowing As-Is with the opportunity to renovate or redevelop for short term or long term rentals.

FOR SALE DETAILS

PRICE

$12,990,000 USD

PRICE/SF

$559 USD /SF

# OF UNITS

31

PRICE/UNIT

$419,032

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

RM-2

APN/PARCEL ID

02-3234-007-0320

ASK ABOUT THIS PROPERTY

Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.