Log In/Sign Up
Your email has been sent.
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 | $313,707 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 | ||
| Price Per Unit | $313,707 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 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $2,413 CAD | 575 |
| 1+1 | 4 | $3,103 CAD | 775 |
PROPERTY TAXES
| Parcel Number | 02-4203-009-4350 | Improvements Assessment | $1,141,379 CAD |
| Land Assessment | $1,775,479 CAD | Total Assessment | $2,916,858 CAD |
PROPERTY TAXES
Parcel Number
02-4203-009-4350
Land Assessment
$1,775,479 CAD
Improvements Assessment
$1,141,379 CAD
Total Assessment
$2,916,858 CAD
1 of 38
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
