1025 Meridian Ave - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$3,220,000 USD
786-443-3105
1025 Meridian Ave, Miami Beach, FL for Sale
$3,220,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

1025 Meridian Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Excellent SOBE location
  • Value Add upside
  • Available individually or part of a larger SOBE portfolio

OVERVIEW

• 16 studio units • 3 fully renovated units • Property includes community laundry • 1 new washer/1 new dryer installed (exterior) on 3.12.25, new contract with WASH Laundry • Existing CapX has been primarily focused on non-income producing common area/exterior building upgrades • Building interior & exterior painting completed 02/2022 ($46k) • Has over $510,000 in combined CapEx between current and previous owner • Building-wide drywood termite fumigation completed 12/23 ($12k)

FOR SALE DETAILS

PRICE

$3,220,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

16

PRICE/UNIT

$201,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

RM-1

APN/PARCEL ID

02-4203-009-3830

ASK ABOUT THIS PROPERTY

Calum WeaverCBREMore Info
786-443-3105

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Calum WeaverCBREMore Info
786-443-3105

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