1438 Meridian Ave (Off Market)

For Sale, USD 2,400,000


Property Type : Multi-Family Home

Property Style : N/A

Build Size : 4,644 ft² / 431 m²

Land Size : N/A

Bedroom : 6

Bathroom : 6

Half Bathroom : 6

MLS#: A12023899


Property Description

PARKEDGE - Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income. Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes. Situated near Lincoln Road, Espanola Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods. The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.
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1438 Meridian Ave, United States,Florida,Miami Beach is a 4,644ft² Miami Beach luxury Multi-Family Home listed for sale USD 2,400,000. This high end Miami Beach Multi-Family Home is comprised of 6 bedrooms and 6 baths. Find more luxury properties in Miami Beach or search for luxury properties for sale in Miami Beach.