935 Meridian Ave
$ 2,700,000

935 Meridian Ave

Miami Beach, FL 33139

  • 4,726 SqFt
  • 1930 Year Built
RARE opportunity to own an Old World Mediterranean Masterpiece. They don't build them like this anymore! Mid-Century meets Art Deco in this completely gated & restored gorgeous 4 unit, 2 buildings, a large (7000 SFT) lot, on the most beautiful tree lined street in all of S. Beach! Renovations include new AC, modern kitchens & baths, hardwood floors and impact windows. Perfect for the sophisticated investor whom appreciates Classic Spanish architecture, or the savvy young investor whom wants the Sobe lifestyle while building wealth. All tenants on annual leases generating a 5%+ CAP RATE. New rents in the area justify a 7% increase which pushes that over 6%. 6 blocks from Lincoln, Ocean & S. of Fifth. 4 secured parking spots. Laundry in every unit! Seller financing with 3% interest only!
Listed by Keller Williams Capital Realty , Sold By Keller Williams Capital Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $2,700,000

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 4, 726 sqft

    Price per Sqft $571

    Subdivision Ocean Beach Addn No 3

    MLS Listing ID A11288998

    Style Fourplex

    Year Built 1930

    Annual Tax Amount $21,476

    Tax Year 2021

    Property Sub-Type Quadruplex

  • Location

    State FL

    County Miami-dade County

    Community Ocean Beach Addn No 3

    Area 42

  • Building

    Lot Description < 1/4 Acre

    Story 2

    Sewer Public Sewer

    Water Public

    Structure Type Block

  • Interior

    Heating Electric

    Cooling Central Air

    Flooring Tile, Wood

  • Exterior

    Exterior Feature Porch, Patio

    Pool None

    Utilities Available Cable Available

    Roof Type Barrel,Other

  • Others

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Special Listing Condition Listed As-Is

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