Basic Information

  • MLS # A11822968
  • Type Multi Family
  • Status Active
  • Year Built 1947
  • Total Sqft 7,000
  • Date Listed 06/16/2025
  • Days on Market 6
Description

Offered at a 6.4% Proforma Cap, the property is currently 92% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. The property has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. The property also features common area laundry.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 7,000Sq.Ft
  • Sqft 7,000 Sq.Ft

Property Features

  • Address 948 Meridian Ave
  • Aprox. Lot Size 7,000
  • City Miami Beach
  • County Miami- Dade
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional
  • Occupant Type Tenant
  • Postal City Miami Beach
  • Public Survey Section Two
  • Public Survey Township 2
  • Stories 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Legal desc O C E A N B E A C H A D D N N O3 P B2-81 L O T2 B L K70 L O T S I Z E50.000 X140 O R19229-370208001
  • Tax Year 0
  • Terms Considered Cash, Conventional
  • Type of Property Multi Family

948 Meridian Ave

Miami Beach, FL 33139

Similar Properties For Sale

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CBRE, Inc.. tel: 352-278-7572

Real Estate IDX Powered by: TREMGROUP