Closed

Ocean Beach, 935 Meridian Ave, Miami Beach, FL 33139

4,726SqFt

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Details

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Status:
Sold - Apr 07, 2023
Size: 4,726 SqFt (439 m2)
Price: $571/SqFt ($6,150/m2)
Type: Multi Family
Built: 1930
HOA: N/A
MLS Number: A11288998
On Site: 1030 Days
Updated: 855 Days ago
Page Views: 0
$2m seller financing 3% interest only for 5 years! Rare opportunity to own an old world mediterranean masterpiece. They don't build them like this anymore! Mid-century european meets art deco in this completely gated & restored 4 units, 2 buildings, a large (7000 sft) lot, the most beautiful tree lined street! Renovations include new ac, modern kitchens & baths, hardwood floors and impact windows. Everything is done, you won't need to spend a dime for a long time. 40 year done in 2020. All tenants on annual leases generating a 6%+ cap rate. New rents in the area justify a 6% increase which pushes that over 7%. 6 blocks from lincoln, ocean & s. Of fifth. 4 secured parking spots. Laundry in every unit! Buyer must sign personal guaranty for financing..
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Porch,Patio
      Interior, Heating and Cooling
      • Heating Description: Electric
      • Cooling Description: CentralAir
      Building and Construction
      • Floor Description: Tile,Wood
      • Windows/Treatment: Blinds,ImpactGlass
      • Year Built: 1930
      • Year Built Description: Resale
      • Style: Fourplex
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2022-10-17T09:45:10.000-00:00
        Taxes, Fees & More
        • Taxes: 21476

        Price History

        04/07/2023

        Date

        Sold

        Event

        $2.7M

        Price

        0%

        Change Rate

        $571 ft2 / $6,150 m2

        Price Per

        04/04/2023

        Date

        Price Reduced

        Event

        $2.7M

        Price

        -6.9%

        Change Rate

        $571 ft2 / $6,150 m2

        Price Per

        12/06/2022

        Date

        Price Reduced

        Event

        $2.9M

        Price

        -3.3%

        Change Rate

        $614 ft2 / $6,605 m2

        Price Per

        11/25/2022

        Date

        Price Reduced

        Event

        $3M

        Price

        -0.03%

        Change Rate

        $635 ft2 / $6,831 m2

        Price Per

        10/14/2022

        Date

        Listed

        Event

        $3M

        Price

        $635 ft2 / $6,833 m2

        Price Per

        Price per square foot and days on website are not provided values and are calculated by Subdivisions.

        Listed by Ricky KallabatKeller Williams Capital Realty • Buyer Agency Compensation .

        Instant Comps

        $200/ft²
        $300/ft²
        $500/ft²
        $700/ft²

        Unit 935 Meridian Ave – Asking

        $571/ft²

        (+65%) from Closed Medium $/ft²

        Closed Medium $/ft²

        $346/ft²
        Community $/Price Range (Closed) $314/ft² – $377/ft²
        No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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