About 1438 Meridian Avenue
PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income.Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes. Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods.The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.
Features of 1438 Meridian Avenue
| MLS® # | A12023899 |
|---|---|
| Price | $2,400,000 |
| Square Footage | 4,644 |
| Year Built | 1936 |
| Type | Multi-Family |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 1438 Meridian Avenue |
|---|---|
| Area | 2320 |
| Subdivision | ESPANOLA VILLAS 1ST ADDN |
| City | Miami Beach |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33139 |
| HOPA | No Hopa |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric, Separate Meters |
|---|---|
| Cooling | Central Air, Electric |
| # of Stories | 2 |
Exterior
| Exterior Features | Balcony |
|---|---|
| Roof | Built-Up |
| Construction | Block |
School Information
| Elementary | Miami Beach Fienberg / Fisher K-8 |
|---|---|
| High | Miami Beach |
Additional Information
| Zoning | 2800 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Fortune International Realty |
|---|