934 Meridian Ave ,Unimproved Interior, Apartments for Sale & Rent

934 Meridian Ave for Sale & Rent

Price $4,300,000.00

• Lot size 8807
• Year Build 1959
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.

3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 4 BLK 70 LOT SIZE 50.000 X 140 OR 10020 1445 0478 4

Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.7800685,List Price:4300000,Listing Id:A12056657,Longitude:-80.1365785,Mls Status:Active,Year Built:1959,Postal Code:33139,Street Name:Meridian Ave,Coordinates:1:25.7800685,Photos Count:6,Days On Market:11,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2026-07-09,Parcel Number:02-42-03-009-4370,Property Type:Commercial Sale,Street Number:934,Public Remarks:Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.,County Or Parish:Miami-Dade County,Expiration Date:2026-11-09,List Office Name:Beachfront Realty Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:8472,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:934 Meridian Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Building Area Total:8807,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:7000,M I A M I R E_ Flood Zone:AE,Original List Price:4300000,Public Survey Range:42,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.,Listing Contract Date:2026-07-09,Originating System I D:miamire,Public Survey Section:3,Street Number Numeric:934,Tax Legal Description:3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 4 BLK 70 LOT SIZE 50.000 X 140 OR 10020 1445 0478 4,M I A M I R E_ Current Price:4300000,Public Survey Township:42,M I A M I R E_ Municipal Code:2,M I A M I R E_ Total Mortgage:2050000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:16-unit South Beach multifamily with new roof and water heater, strong in-place income, and value-add rent upside near Flamingo Park and the beach.,M I A M I R E_ Parcel Number M L X:4370,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.780083$-80.13655$284.11$13.33$1.00$9K6ITL5oDZeLfDdKmfDfNg,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-07-09,Internet Address Display Y N:1,Number Of Units In Community:16,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:9,M I A M I R E_ Agent Alternate Phone:786-287-3633,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:934 Meridian Ave,Internet Automated Valuation Display Y N:1,