FL > Miami Beach
Miami Beach, FL 33139,759 Meridian Ave
Miami Beach, FL 33139,759 Meridian Ave
Miami Beach, FL 33139,759 Meridian Ave
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$1,950,000
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3,200 SqFt
New

759 Meridian Ave Miami Beach, FL 33139

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

12/20/2024 01:00 AM

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

Construction Status Resale

HOA Y/N No

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

Direction From Alton Road, head east on 8th Street toward Meridian Avenue. The property is located on the corner of 8th Street and Meridian Avenue. Look for the boutique building with partially covered parking spaces.

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Vinyl

Window Features Impact Glass

Exterior

Roof Type Concrete

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 02-42-03-070-0001

Ownership Corporation

Security Features Security Lights

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Cervera Real Estate Inc.

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Anthony Guerriero

Broker

+1(646) 376-8752

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759 Meridian Ave

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