Basic Information

  • MLS # A11794468
  • Status Active
  • Total Sqft 7,000
  • Date Listed 05/01/2025
  • Days on Market 7
Description

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).

Amenities

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

  • Address 538 Meridian Ave
  • Aprox. Lot Size 7,000
  • City Miami Beach
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Lot Features Less Than One Acre
  • Possession Close Of Escrow
  • Postal City Miami Beach
  • Sewer Description Other
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $79,555
  • Tax Legal desc 3-45442345342 O C E A N B E A C H A D D N N O3 P B2-81 L O T3 B L K74 L O T S I Z E50.000 X140 O R22680-323609044
  • Tax Year 2024
  • Terms Considered Cash, Conventional
  • Water Source Public

538 Meridian Ave

Miami Beach, FL 33139

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