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1619 Meridian Ave
Miami Beach, FL 33139
Lincoln Road Apartments · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,969 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1936 |
| Zoning | RM-1 - Multifamily | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,969 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1936 |
| Zoning | RM-1 - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Fireplace
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Double Pane Windows
- Freezer
- Garden
- Linen Closet
- Patio
SITE AMENITIES
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Gated
- Gas Range
- Recycling
- Wi-Fi
- Bicycle Storage
ABOUT 1619 MERIDIAN AVE , MIAMI BEACH, FL 33139
Lincoln Road Villas consists of 5,969 square feet, encompasses a 7,500 square foot lot and was originally constructed in 1936. The property consists of 12 studio apartments measuring approximately 495 square feet. Recent renovations include upgraded landscaping, hurricane-resistant impact windows and doors, as well as new mini-split air conditioning units. The property also offers gated access for additional security and on-site laundry facilities. The maximum allowable floor-area-ratio under the current zoning code (RM-1) is 1.25. As the lot size is 7,500 square feet, it is possible to add a third story addition to the existing structure. Additionally, the most recent leases have been signed at rates $200-250 above pre-existing leases.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 475 |
PROPERTY TAXES
| Parcel Number | 02-3234-002-0451 | Improvements Assessment | $830,000 |
| Land Assessment | $1,050,000 | Total Assessment | $1,880,000 |
PROPERTY TAXES
