1770 Meridian Ave Miami BchMiami Beach, FL 33139

Property Details for 1770 Meridian Ave Miami Bch

Year built

1954

Property size (Sq ft)

23,234 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 31-unit apartment building presents a compelling investment opportunity in the heart of South Beach, Miami Beach, Florida. Situated on a 18,750 square foot lot at 1770 Meridian Avenue, this two-story, 23,234 square foot building boasts a desirable mix of 22 studio, 4 one-bedroom, and 5 two-bedroom units, all complemented by a convenient on-site laundry room. Built in 1954, the property features a lush, tropical courtyard setting within a gated community. Its prime corner location places it directly across from Pride Park, the Miami Beach Convention Center, and City Hall, offering unparalleled convenience and visibility. Furthermore, its proximity to Lincoln Road's vibrant shopping and dining scene, the Miami Beach Golf Club, and the Miami Beach Botanical Gardens enhances its appeal. The property's RM-2 zoning allows for the addition of over 14,000 square feet of building area, presenting significant potential for expansion or redevelopment. Currently operating as a cash-flowing asset, this property offers immediate income generation with the flexibility to renovate or redevelop for short-term or long-term rentals. The asking price is $12,990,000. This is a rare chance to acquire a high-performing multifamily asset in one of Miami Beach's most sought-after locations.

Location Insight

City

Miami Beach

County

Miami-Dade

State

Florida

Latitude

25.7934

Longitude

-80.137

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