710 Meridian Ave - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$3,400,000 USD
786-443-3105
710 Meridian Ave, Miami Beach, FL for Sale
$3,400,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

710 Meridian Ave
Miami Beach, FL 33139
Flamingo


OVERVIEW

• The property has 9 fully renovated units with luxury finishes • The property has 4 parking spaces • Has over $120,000 in combined CapEx between current and previous owner • Exterior full-painted 6/2024 ($27k) • Common area 75-gallon gas hot water heater replaced 10/2024 ($8k) • Substantial 1st and 2nd floor concrete resurfacing, repairs and improvements completed 12/2023 ($20k) • Exterior front and back light fixtures fully replaced • Substantial railing repairs and reinforcement installation in 08/2023 ($4k), stair repairs completed in 11/2023 ($15k)

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

14

PRICE/UNIT

$242,857

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

RM-1

APN/PARCEL ID

02-4203-009-4670

ASK ABOUT THIS PROPERTY

Calum WeaverCBREMore Info
786-443-3105

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

Calum WeaverCBREMore Info
786-443-3105

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