Four-Unit Condo Income
1508 Meridian Ave, Miami Beach, FL 33139
For Sale
$1,200,000
Purchase includes four contiguous condominium units within a boutique 12-unit Art Deco complex.
Property SizeContact for details
Days on Market186
Property Features for 1508 Meridian Ave
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Flood Zone
Building Details
Year Built
Construction
Listing Agency:
SERMONETA REAL ESTATE GROUP CORP
Listed By:
ALBERTO SERMONETA · License FL A12018961
Source:
Corcoran
Added: May 14
Changed: Nov 14
Last Checked: Nov 14 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERMONETA REAL ESTATE GROUP CORP
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Investment Insights
Based on property information with market context.
The offering consists of four contiguous condominium units within The Castle Meridian Condominium, a boutique 12-unit Art Deco complex. The condominium is made up of three adjacent buildings: 1506 Meridian Avenue (4 units), 1508 Meridian Avenue (4 units), and 1510 Meridian Avenue (4 units). This sale includes 100% of the units within the central building at 1508 Meridian Avenue, comprising Units 3, 4, 9, and 10.
The property is presented as a residential income package with Total Annual Gross Income of $91,200 and Annual Operating Expenses (HOA + Property Taxes) of $30,114.32. The 40-Year Certification process is currently in its final phase of completion. The seller will pay all special assessments in full at closing.
The property is presented as a residential income package with Total Annual Gross Income of $91,200 and Annual Operating Expenses (HOA + Property Taxes) of $30,114.32. The 40-Year Certification process is currently in its final phase of completion. The seller will pay all special assessments in full at closing.
Key Highlights
- Four contiguous condominium units included in The Castle Meridian Condominium (a boutique 12‑unit Art Deco complex)
- Central building at 1508 Meridian Avenue included: 4 units (Units 3, 4, 9, 10)
- Property includes three adjacent buildings: 1506 Meridian Ave (4 units), 1508 Meridian Ave (4 units), 1510 Meridian Ave (4 units)
Location Intelligence
Trade Area within ½ mile
8,703
Businesses Nearby
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Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Miami Beach, FL
Properties on Market for Residential income properties in Miami Beach
Frequently Asked Questions
What type of property is this?
Residential income property - Purchase includes four contiguous condominium units within a boutique 12-unit Art Deco complex.
Where is this residential income property located?
The property is located at 1508 Meridian Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four contiguous condominium units included in The Castle Meridian Condominium (a boutique 12‑unit Art Deco complex); Central building at 1508 Meridian Avenue included: 4 units (Units 3, 4, 9, 10); Property includes three adjacent buildings: 1506 Meridian Ave (4 units), 1508 Meridian Ave (4 units), 1510 Meridian Ave (4 units)
