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751 Meridian Ave
Miami Beach, FL 33139
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Building Size | 6,051 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | B | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | RM-1 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 6,051 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | RM-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Wi-Fi
- Breakfast Nook
- Freezer
- Handrails
- Smoke Free
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- Controlled Access
- Property Manager on Site
- Gated
- Dry Cleaning Service
- Maid Service
- Smoke Free
- Community-Wide WiFi
ABOUT 751 MERIDIAN AVE , MIAMI BEACH, FL 33139
Unique opportunity to acquire a rarely grandfathered short term rental Multifamily with 12 units and 11 parking spots located in the heart of South Beach. The asset is located in a Zoning District that doesn’t allow Transient Occupancy making 751 Meridian ave a rarely legal short term rental income property. The property has significant in-place income associated with a premium location: walking distance to the beach. This is an excellent passive income producing property, currently rented to a single tenant: a national, well-capitalized hospitality operator. Tenant has signed a two years lease + 1 five years option with 3% yearly increase and is responsible for utilities and ordinary maintenance. Floor plan: 6 - one bed room apartments & 6 - studio apartments: all units have 1 full bathroom, fully equipped kitchens, and nicely furnished. The property has security cameras throughout, ADA ramp access, one ADA unit, fire sprinkles system.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| Studios | 6 | - | 500 |
PROPERTY TAXES
| Parcel Number | 02-4203-009-3460 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,035,000 |
PROPERTY TAXES
