935 Meridian Ave ,Old Spanish, Quadruplex, Ocean Beach Addn No 3 for Sale

935 Meridian Ave for Sale

Price $2,900,000.00

  • Lot size 4726
  • Year Build 1930
  • Waterfront
  • Zip 33139
  • Style Old Spanish
  • Parking Description
  • Pool Yes
  • Status Active With Contract
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Description

$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..

All units occupied, use Showingtime for showings. Seller financing up to $2M interest only for 5 years with ONLY 3% interest. Another 5 years at 1% over prime! Text your email to Ricky 305-747-5117, will forward all info you need, including walk-thru videos of 2 units. Legal 4-plex, every unit has it's own FPL meters. NO SHOWINGS UNTIL UNDER CONTRACT. BUYER MUST SIGN PERSONAL GUARANTY FOR FINANCING..

OCEAN BEACH ADD NO 3 PB 2-81 LOT 13 BLK 61 LOT SIZE 7000 SQ FT OR 25546-1865 0407 1

Less Than 1/4 Acre Lot, East Of US 1

$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..

City:Miami Beach,Roof:1:Other,Model:FOURPLEX,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2021,Flooring:1:Wood,Latitude:25.7801059,Cooling Y N:1,Heating Y N:1,List Price:2900000,Listing Id:A11288998,Longitude:-80.1359454,Mls Status:Active With Contract,Year Built:1930,Living Area:4726,Postal Code:33139,Street Name:Meridian Ave,Coordinates:1:25.7801059,Lot Features:1:East Of US 1,Photos Count:50,Builder Model:FOURPLEX,Building Name:OCEAN BEACH ADDN NO 3,Days On Market:107,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Ocean Beach Addn No 3,On Market Date:2022-10-17,Parcel Number:02-42-03-009-3690,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:2,Street Number:935,M I A M I R E_ Style:Fourplex,Public Remarks:$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..,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2023-04-30,List Office Name:Keller Williams Capital Realty,Private Remarks:All units occupied, use Showingtime for showings. Seller financing up to $2M interest only for 5 years with ONLY 3% interest. Another 5 years at 1% over prime! Text your email to Ricky 305-747-5117, will forward all info you need, including walk-thru videos of 2 units. Legal 4-plex, every unit has it's own FPL meters. NO SHOWINGS UNTIL UNDER CONTRACT. BUYER MUST SIGN PERSONAL GUARANTY FOR FINANCING..,Standard Status:Active,Window Features:1:Blinds,2:High Impact Windows,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:8414,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN BEACH ADDN NO 3,Tax Annual Amount:21476,Total Actual Rent:151200,Unparsed Address:935 Meridian Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Operating Expense:39000,Year Built Details:Resale,Building Area Total:4726,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:613.6267,Original List Price:3000000,Previous List Price:2999111,Property Condition:1:Substantially Remodeled,Public Survey Range:42,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Net Operating Income:112200,Number Of Units Total:4,Syndication Remarks:$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..,Listing Contract Date:2022-10-17,Originating System I D:miamire,Public Survey Section:42,Showing Instructions:Appointment Only,See Broker Remarks,Showing Assist,Street Number Numeric:935,Tax Legal Description:OCEAN BEACH ADD NO 3 PB 2-81 LOT 13 BLK 61 LOT SIZE 7000 SQ FT OR 25546-1865 0407 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,Patio And Porch Features:1:Patio,Sub Agency Compensation:.1%,M I A M I R E_ Adjusted Area S F:4726,Contract Status Change Date:2022-10-17,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:613.63,Internet Automated Valuation Display Y N:1,

  • Price $2,900,000.00
  • Price Change: 2022-12-06
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1930
  • Waterfront
  • View
  • Pool Yes
  • Style Old Spanish
  • Construction
  • Parking Description
  • Flooring Type Tile, Wood
  • Property Type Residential Income
  • Status Active With Contract
  • Listed 2022-12-06
  • Days on Market 114
  • Furnished
  • City Miami Beach
  • Zip 33139
  • State Florida
  • Subdivision
  • Development Name OCEAN BEACH ADDN NO 3
  • HOA Fees 0
  • Taxes 21476
  • Taxes Year 2021