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1770 Meridian Ave 31 Unit Apartment Building $12,990,000 ($419,032/Unit) Miami Beach, FL 33139
INVESTMENT HIGHLIGHTS
- · Gated, 31-unit apartment building with a laundry room
- · Income-producing property with high occupancy
- · Steps from the Miami Beach Botanical Gardens and the Holocaust Memorial
- · 22 studios, 4 one-bed units, and 5 two-bed units
- · Across from Pride Park, the Convention Center, and City Hall
- · Two blocks from Lincoln Road's fashionable shops, restaurants, and entertainment
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Vacuum System
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 02-3234-007-0320 | Improvements Assessment | $3,287,500 |
| Land Assessment | $2,812,500 | Total Assessment | $6,100,000 |
PROPERTY TAXES
Parcel Number
02-3234-007-0320
Land Assessment
$2,812,500
Improvements Assessment
$3,287,500
Total Assessment
$6,100,000
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1770 Meridian Ave
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