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Legal Description: -
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: -
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).
Miami Residence will connect you with an agent in a short time.
FOR SALE DETAILS
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Terms ConsideredAll Cash
Any questions about Residential Land?
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