935 Meridian Ave

Miami Beach, FL, 33139

$2,900,000

$613 per ft²
$2,900,000
$613 per ft²
Active
Active
 - For Sale
carpenters-square
4,726 ft²
property_type
Multi-family
calendar
Built 1930
$2M SELLER FINANCING 3% INTEREST ONLY FOR 5 YEARS! RARE opportunity to own an Old World Mediterranean Masterpiece. They don't build them like this anymore! Mid-Century European meets Art Deco in this completely gated & restored 4 units, 2 buildings, a large (7000 SFT) lot, the most beautiful tree lined street! Renovations include new AC, modern kitchens & baths, hardwood floors and impact windows. EVERYTHING is done, you won't need to spend a dime for a long time. 40 year done in 2020. All tenants on annual leases generating a 6%+ CAP RATE. New rents in the area justify a 6% increase which pushes that over 7%. 6 blocks from Lincoln, Ocean & S. of Fifth. 4 secured parking spots. Laundry in every unit! BUYER MUST SIGN PERSONAL GUARANTY FOR FINANCING..
MLS® ID:
A11288998
Listed:
10/16/22
Updated:
2/1/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Tile, Wood
Cooling
Central Air
Heating
Electric

Exterior/Building Features

Exterior Features
Open Porch, Patio
Architectural Style
Old Spanish
Lot Details
Less Than 1/4 Acre Lot, East Of US 1
Roof
Barrel Roof, Other
Sewer
Public Sewer

Other Property Details

Area Name
Ocean Beach Addn No 3
Taxes
$21476
Tax Frequency
per YEAR
Garage
No
Parking
4
Parking Total
4.0
View
N
County
Miami-Dade County
Water Source
Municipal Water
Pool
No
Total Stories
2
Zoning
3900
Sub Agency Compensation
.1%
Buyer Agency Compensation
2%
Transaction Broker Compensation
2%

Property History

Date
Event
Price
Value
12/6/22
Price Change
$2,900,000
-3%
11/25/22
Price Change
$2,999,111
0%

Courtesy of Ricky Kallabat with Keller Williams Capital Realty
Listing Contact:  

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 3:41 PM UTC, 2/1/23.

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