Basic Information
- MLS # A11794468
- Type Land
- Total Sqft 7,000
- Date Listed 05/01/2025
- Days on Market 9
12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int'l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller's master lease income with tenant, not hospitality's income).
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description
Interior Features
- Adjusted Sqft 7,000Sq.Ft
- Sqft 7,000 Sq.Ft
Property Features
- Aprox. Lot Size 7,000
- Furnished Info No
- Lot Description Less Than One Acre
- Short Sale Regular Sale
- Subdivision Complex
- Subdivision Info
- Tax Amount $79,555
- Tax Year 2024
538 Meridian Ave
Miami Beach, FL 33139Similar 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: Pulse Int'l Realty FL Inc. tel: 855-785-7301
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