Interior
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 317 sq ft
- Flooring
- Laminate
- Appliances
- Electric Range, Microwave, Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Interior features
- Bedroom On Main Level, First Floor Entry
Active · HotelMotel
$220,000
1816 Meridian Ave 9, Miami Beach, FL 33139
- Beds
- 0
- Baths
- 1
- Living area
- 317 sq ft
- $ / sq ft
- $694/sq ft
- Year built
- 1956
- Lot size
- —
- HOA fee
- $391 Monthly
- Annual tax
- $3,281
About this property
INVESTORS GREAT OPORTUNITY FOR THIS UNIQUE PIECE OF MIAMI BEACH FOR REAL ESTATE PORTAFOLIO AND AT THE SAME TIME HAVE A VACATION PLACE, MANAGED BY THIS BOUTIQUE CONDO HOTEL, this is conveniently located in the hearth of Miami Beach across the street from the CONVENTION CENTER, walk to LINCOLN ROAD, Restaurants, and the BEACHES. Excellent hotel program with full-service management, high occupancy. 1818 MERIDIAN HOUSE is an upscale, fully renovated mid-century beauty. Don't miss this unique investment opportunity.
Property location
Get Directions1816 Meridian Ave 9, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- HotelMotel
- Year built
- 1956
- Stories
- 2
- Construction
- Block
- Exterior features
- Patio
- View
- Garden
Parking
- Garage spaces
- 1
- Covered spaces
- 1
- Parking features
- Open
HOA, Community & Financials
- Association fee
- $391 Monthly
- Fee inclusions
- Association Management, Cable Tv, Electricity, Hvac
- Amenities
- Other
- Security
- Complex Fenced, Key Card Entry, Phone Entry
- Pets allowed
- No
- Annual tax
- $3,281
- Subdivision
- 1818 MERIDIAN HOUSE CONDO
- County
- Miami-Dade
- Days on market
- 143
- MLS listing ID
- A12013049
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$777
- Cap rate
- 1.4%
- Net yield
- 1.4%
- Cash-on-cash return
- -15.1%
- Gross yield
- 6.4%
- Mortgage payment
- $1,043/mo
- Down payment
- $55,000
- Loan amount
- $165,000
- Annual NOI
- $3,188
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.