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948-952 Meridian Ave
Miami Beach, FL 33139
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Excellent SOBE location
- Available individually or part of larger SOBE portfolio
- Has over $300,000 in combined CapEx between current and previous owner
Executive Summary
• There are one fully renovated unit and seven partial renovated units
• Property includes community laundry
• 1 new washer/1 new dryer installed (exterior) on 3.12.25, new contract with WASH Laundry
• Has over $300,000 in combined CapEx between current and previous owner
• Existing CapX has been primarily focused on non-income producing common area/exterior buidling upgrades
• Railings in all 3 front hallways refurbished in 02/2024 ($17k)
• Property includes community laundry
• 1 new washer/1 new dryer installed (exterior) on 3.12.25, new contract with WASH Laundry
• Has over $300,000 in combined CapEx between current and previous owner
• Existing CapX has been primarily focused on non-income producing common area/exterior buidling upgrades
• Railings in all 3 front hallways refurbished in 02/2024 ($17k)
Property Facts
| Price Per Unit | $311,004 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,701 SF |
| No. Units | 12 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1947 |
| Apartment Style | Low-Rise | Parking Ratio | 0.39/1,000 SF |
| Building Class | C | ||
| Zoning | RM-1 - Residential | ||
| Price Per Unit | $311,004 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,701 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | RM-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $2,392 CAD | 575 |
| 1+1 | 4 | $3,076 CAD | 775 |
Property Taxes
| Parcel Number | 02-4203-009-4350 | Improvements Assessment | $1,106,160 CAD |
| Land Assessment | $1,720,694 CAD | Total Assessment | $2,826,854 CAD |
Property Taxes
Parcel Number
02-4203-009-4350
Land Assessment
$1,720,694 CAD
Improvements Assessment
$1,106,160 CAD
Total Assessment
$2,826,854 CAD
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