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1550 Meridian Avenue
Miami Beach, FL 33139

$2,049,000

Sq. Ft.: N/A
Type: Commercial
Listing #A10306818
1550 Meridian Avenue is an eight-unit multifamily asset in the heart of South Beach's most desirable district. All units are large One-bedroom (No Studios). Its proximity to Lincoln Road Mall, Flamingo Park, the Beach, New Convention Center, the renaissance of Alton Road, and the Entertainment District make it an attractive place to live for business owners and young professionals. RM-1 zoning allows for an additional 4,144 SF of construction in rear yard. Rents currently 20% under market. Design work complete & permits are in progress to install Central A/C, new Impact Windows and Doors, tankless water heaters, fencing, etc. Half of the One-bedroom units are approximately 750 square feet and can easily be converted to Two-bedroom units significantly increasing rents and desirability.
Détails de la propriété
Location Information
County: Miami-Dade
MLS Area: 32
Subdivision/Complex Name: 1550 Meridian Avenue
Directions: The explosion of construction on Miami Beach has been aimed almost exclusively at the hospitality & retail sectors with little new housing planned or even contemplated. A residence at 1550 Meridian will continue to draw epremium tenants at premium prices.
Section: 34
Détails de l'extérieur
Stories: 2.0000
Construction: CBS Construction
Electric: Over 200 Amps
Parking Spaces: 0
Lot Size in Acres: 0.172
Lot Size in Sq. Ft.: 7, 500
Lot Dimensions: 7500
Zoning: 3900
Buildings: 1
Has Waterfront: No
Informations additionnelles
Type de Propriété: COM
Property SubType: Commercial/Industrial
Property SubType 2: Income
Year Built: 1937
APN: 02-32-34-002-1270
Status: Active
Is Short Sale: No
Property Description: Eight Unit Multifamily
Tax Year: 2016
Tax Amount: 19, 678


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of The Keyes Company
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Miami-JTHS data last updated at February 19, 2018 3:38 PM ET
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