Rare south beach multifamily investment opportunity at 934 meridian avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 sf on a 7,000 sf lot. Offered at $4,300,000, the property generates a seller-provided annualized t-10 noi of $221,799, representing a 5. 16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned rm-1 and ideally located on a beautiful tree-lined street near flamingo park, washington avenue, lincoln road, española way, ocean drive and the beach. Offering memorandum and financial information available upon request.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
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| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Miami Beach Feinberg/fisher K-8 | 1420 WASHINGTON AVE | public | 842 | PK - 8 | 0.49 mi |
| Miami Beach South Pointe Elementary School | 1050 4TH ST | public | 490 | PK - 5 | 0.51 mi |
| Fisher Island Day School | 2 FISHER ISLAND DR | private | 126 | PK - 8 | 1.34 mi |
| Rasg Hebrew Academy | 2400 PINE TREE DR | private | 592 | PK - 12 | 1.61 mi |
| St Patrick School | 3700 GARDEN AVE | private | 297 | PK - 8 | 2.2 mi |
| Tree Of Knowledge Learning Academy | 2220 NE 203RD TER | private | 125 | 4 - 12 | 2.21 mi |
| North Beach Elementary School | 4100 PRAIRIE AVE | public | 937 | PK - 5 | 2.4 mi |
| Temple Beth Sholom Innovative School | 4144 CHASE AVE # 6 | private | 47 | PK - 4 | 2.42 mi |
| Miami Children's Museum Charter School | 980 MACARTHUR CSWY | public | 309 | KG - 5 | 2.5 mi |
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