$2,700,000
$2,700,000
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935 Meridian Ave Miami Beach, FL 33139
4,726 SqFt
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,726 sqft
Price per Sqft $571
Subdivision Ocean Beach Addn No 3
MLS Listing ID A11288998
Style Fourplex
Year Built 1930
Annual Tax Amount $21,476
Tax Year 2021
Property Description
$2M SELLER FINANCING 3% INTEREST ONLY FOR 5 YEARS! RARE opportunity to own an Old World Mediterranean Masterpiece. They don't build them like this anymore! Mid-Century European meets Art Deco in this completely gated & restored 4 units, 2 buildings, a large (7000 SFT) lot, the most beautiful tree lined street! Renovations include new AC, modern kitchens & baths, hardwood floors and impact windows. EVERYTHING is done, you won't need to spend a dime for a long time. 40 year done in 2020. All tenants on annual leases generating a 6%+ CAP RATE. New rents in the area justify a 6% increase which pushes that over 7%. 6 blocks from Lincoln, Ocean & S. of Fifth. 4 secured parking spots. Laundry in every unit! BUYER MUST SIGN PERSONAL GUARANTY FOR FINANCING..
Location
State FL
County Miami-dade County
Community Ocean Beach Addn No 3
Area 42
Interior
Heating Electric
Cooling Central Air
Flooring Tile, Wood
Exterior
Exterior Feature Porch, Patio
Pool None
Utilities Available Cable Available
Roof Type Barrel,Other
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Structure Type Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
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Bought with Keller Williams Capital Realty