For Sale: 13-Unit Multifamily Property in the heart of South Beach

The Colliers South Florida Multifamily Services Team is pleased to present the opportunity to acquire 735 & 745 Meridian Avenue, a 13-unit multifamily asset located in the heart of South Beach, one of Miami-Dade County’s most desirable and supply-constrained submarkets.

The property consists of two adjacent buildings featuring (1) studio, (11) one-bedrooms, and (1) two-bedroom unit. Each offers spacious layouts complemented by highly sought-after amenities including private balconies and patios, on-site parking, laundry facilities, and expansive outdoor common areas. The property’s modern construction and architectural design distinguishes it from competing assets in the area and allows for a variety of operational strategies including traditional market-rate rentals or short-term rental use.

735 & 745 Meridian Avenue is an irreplaceable, historic, private, gated compound with secure private parking on the most beautiful street in South Beach. The property is a turnkey multifamily property with rental upside on tree-lined Meridian Avenue.  Investors can capitalize on South Beach’s high barriers to entry, the property’s location, and the ability to capture premium rents through interior upgrades. The double lots span 14,000 SF. With RM-1 zoning, this allows for a FAR of 1.25 or up to 17,500 of building area, significantly higher than the combined in-place building areas of 8,252 SF.