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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

759 MERIDIAN AVE, MIAMI BEACH, FL 33139

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Income/MultiFamily - for Sale

759 MERIDIAN AVE, MIAMI BEACH, FL 33139

Asking Price$1,950,000

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  • Lot size 4200sqft
  • Year Built 1968

  • Days on market:

    24 day(s)

  • Original Price:

    $1,950,000

  • Tax Legal Description:

    759 BUILDING INC CONDOMINIUM

  • Property Type:

    Income/MultiFamily

  • Parking:

    Assigned Covered Guest

  • Lease Term Remaining:

    Annual Lease,Month To Month

  • Construction Type:

    Cbs Construction

  • Roof:

    Concrete

  • Cooling Description:

    Wall/Window Unit(s)

  • Heating Description:

    Wall/Window Units

  • Floor Description:

    TileVinyl

  • Special Listing Conditions:

    Sale

Description

$1,950,000

Prime investment opportunity in south beach! this income-producing 5-unit boutique building sits on a corner lot at meridian ave and 8th street, one of the most picturesque and desirable locations in miami beach. offering tremendous upside potential, the property is zoned 4900 multi-family with a far of 1.25, allowing for up to 5,250 sq. ft. of buildable area. a prime candidate for redevelopment, condo deconversion to multi-family, or value-add renovations to increase rental income. recent updates provide solid rental potential, with 5 tandem partially covered parking spaces accommodating up to 10 cars. an incredible asset in south beach. tenants enjoy the convenience of walking to beaches, shops, restaurants, parks, and the sought-after south of fifth neighborhood

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