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About This Home
This 6-bedroom, 6-bathroom multi-family at 1438 Meridian Ave in Miami Beach, FL is listed for $2,400,000 ($517 per sqft). Built in 1936, the home offers 4,644 sqft of living space on a N/A lot.
PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income.
Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes.
Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods.
The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.
Key Features
- Built in 1936
Property Details
Amenities
Monthly Cost Estimate
$12,836/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1438 Meridian Ave
Miami Beach, FL 33139
Espanola Villas 1st Addn
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 6-bedroom, 6-bathroom multi-family at 1438 Meridian Ave is listed at $2,400,000 ($517/sqft). The estimated monthly payment is $10,400 based on 20% down at 6.5% interest.
Key features include: Built in 1936. Exterior Features: Balcony.
This property is listed by Jordan Lederman and can be reached at 2487015200 or jordan@ledermanrealestate.com.
