948 Meridian Ave, Miami Beach, FL 33139

Offered at a 6.4% Proforma Cap, the property is currently 92% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. The property has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. The property also features common area laundry.

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of CBRE, Inc..