1508 Meridian

Description

This offering represents the acquisition of four contiguous condominium unitswithin The Castle Meridian Condominium, a boutique 12-unit Art Deco complexlocated in the heart of South Beach.The condominium is composed of three adjacent buildings:• 1506 Meridian Avenue – 4 units• 1508 Meridian Avenue – 4 units• 1510 Meridian Avenue – 4 unitsThe subject offering includes 100% of the units within the central building at 1508Meridian Avenue (Units 3, 4, 9 & 10).Folio:02-3234-228-0100Folio:02-3234-228-0090Folio:02-3234-228-0040Folio:02-3234-228-0030Total Annual Gross Income: $91,200Annual Operating Expenses (HOA + Property Taxes) $30,114.32• The 40-Year Certification process is currently in its final phase of completion.• All special assessments will be paid in full by the Seller at closing.