A rare value add opportunity on one of the most beautiful tree lined streets in South Beach. 934 Meridian Avenue is a 16 unit multifamily building already producing income from day 1 at a 5 cap, with a new roof and new water heater already in place-removing two of the biggest capital items from a buyer's list. In-place rents sit meaningfully below stabilized market levels; A program of straightforward unit level cosmetic improvements has the potential to raise rents exponentially and unlock significant additional value.