
$1,200,000
Commercial for Sale, 1508 Meridian Ave, Miami Beach, Florida 33139
- MLS#A12018961
Listed By Sermoneta Real Estate Group Corp
The Commercial Property for Sale located at 1508 Meridian Ave, Miami Beach, Florida 33139 is currently for sale.
Description
This offering represents the acquisition of four contiguous condominium units
within The Castle Meridian Condominium, a boutique 12-unit Art Deco complex
located in the heart of South Beach.
The condominium is composed of three adjacent buildings:
• 1506 Meridian Avenue – 4 units
• 1508 Meridian Avenue – 4 units
• 1510 Meridian Avenue – 4 units
The subject offering includes 100% of the units within the central building at 1508
Meridian Avenue (Units 3, 4, 9 & 10).
Folio:02-3234-228-0100
Folio:02-3234-228-0090
Folio:02-3234-228-0040
Folio:02-3234-228-0030
Total Annual Gross Income: $91,200
Annual Operating Expenses (HOA + Property Taxes) $30,114.32
• The 40-Year Certification process is currently in its final phase of completion.
• All special assessments will be paid in full by the Seller at closing.
Location
1508 Meridian Ave, Miami Beach, Florida 33139
Property features
Lot/Land
- Land/Lot size:
697 m² (7,500 ft²)
Construction
- Year built: 1935