759 Meridian Ave new Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33139
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $609
MLS Listing ID A11711790
Year Built 1968
Lot Size 4,200 Sqft
Property Description
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
Location
State FL
County Miami-dade
Area 42
Interior
Heating Window Unit,Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile,Vinyl
Exterior
Roof Type Concrete
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional