538 Meridian Ave, Miami Beach FL 33139

$

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345 of 345 FOR SALE

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    Legal Description:

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    Listed on:

    Feb 22, 2023

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    Occupancy:

    n/a

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    Taxes:

    $12,692 per year

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    Floor Description:

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    Year Built:

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    Zoning:

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    Days on Market:

    92

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    Parking:

    Yes

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    Tax Year:

    2022

538 Meridian Ave, Miami Beach FL 33139

12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int’l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller’s master lease income with tenant, not hospitality’s income).

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FOR SALE DETAILS

  • Photo Count
    1
  • Property Type
  • SqFt Total
  • Terms Considered
    All Cash

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