1438 Meridian Ave, Miami Beach FL 33139

For sale Days on market 2

ESPANOLA VILLAS 1ST ADDN [ Quadruplex ]

$2,400,000

$517/sq ft

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Overview

Year Built

1936

Sqft

4644

Property Type

Quadruplex

Property Description

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.

Property Details

MLS#

A12023899

Total Floor in Bldg

Building

ESPANOLA VILLAS 1ST ADDN

Address

1438 Meridian Ave

City

Miami Beach

State/county

Zip/Postal Code

33139

Area

Espanola Villas 1st Addn,parkedge

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Monthly

Tax Amount

$24,505

Maint Fee

$--

Tax Year

2025

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