1438 Meridian AveMiami Beach, FL 33139

Description

PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income. Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes. Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods. The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Fourplex

Year built

1936

Living area

4,644 Sq Ft

Days on market

158

MLS^® Listing#

A12023899

Property Features

Exterior

Balcony

Cooling

Central Air · Electric

Heating

Electric

Flooring

Hardwood · Tile · Wood

Pool

None

Construction

Block

Roof

Built-Up

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

Yes

Annual taxes

$24,505Tax year 2025

Parcel number

02-32-34-015-0260