1550 Meridian Avenue Miami Beach, FL 33139

PROPERTY DESCRIPTION

1550 Meridian Avenue is an eight-unit multifamily asset in the heart of South Beach’s most desirable district. All units are large One-bedroom (No Studios). Its proximity to Lincoln Road Mall, Flamingo Park, the Beach, New Convention Center, the renaissance of Alton Road, and the Entertainment District make it an attractive place to live for business owners and young professionals. RM-1 zoning allows for an additional 4, 144 SF of construction in rear yard. Rents currently 20% under market. Design work complete & permits are in progress to install Central A/C, new Impact Windows and Doors, tankless water heaters, fencing, etc. Half of the One-bedroom units are approximately 750 square feet and can easily be converted to Two-bedroom units significantly increasing rents and desirability.

PROPERTY DETAILS

  • Property Type: Income
  • Year Built: 1937
  • Lot Size: 7,500 SqFt
  • Built Description: Income Non-Waterfront
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  • Unit Levels Description: 1
  • Construction: CBS Construction
  • Property Condition: Apartments
  • Property Description: Eight Unit Multifamily
  • County: Miami-Dade County
  • Area: 32
  • Numer of Buildings: 1

MAP LOCATION FOR 1550 MERIDIAN AVENUE MIAMI BEACH, FL 33139

Directions: The explosion of construction on Miami Beach has been aimed almost exclusively at the hospitality & retail sectors with little new housing planned or even contemplated. A residence at 1550 Meridian will continue to draw epremium tenants at premium pr

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Listing courtesy of The Keyes Company

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