1508 Meridian Ave, Miami Beach FL 33139

Discover a rare residential income opportunity in the heart of South Beach at The Castle Meridian Condo, a boutique 12-unit Art Deco complex built in 1935. This offering includes one hundred percent of the units in the central building at 1508 Meridian Avenue: Units 3, 4, 9, and 10. Together, the four contiguous condominium units provide 1,776 square feet of living area and are offered as a unique quadplex investment.
The property is part of The Castle Meridian Condo, located in Miami-Dade County and composed of three neighboring buildings: 1506 Meridian Avenue, 1508 Meridian Avenue, and 1510 Meridian Avenue, with four units in each building. The property features central air conditioning, central heating, and an attractive architectural style.
Total annual gross income is $91,200, with annual operating expenses of $30,114.32, including HOA fees and property taxes. The monthly association fee is $1,390. The 40-Year Certification process is in its final phase, and the seller will pay all special assessments in full at closing. Folios: 02-3234-228-0100, 02-3234-228-0090, 02-3234-228-0040, and 02-3234-228-0030.
Living at 1508 Meridian Ave, Miami Beach FL 33139 means enjoying year-round sunshine, beautiful beaches, vibrant nightlife, world-class dining, cultural attractions, and convenient access to major roads, public transportation, and Miami International Airport.
For details or to schedule a private conversation, call or WhatsApp +1 786.468.4380.