Property Description

LOCATION, LOCATION, LOCATION! EXCELLENT INVESTMENT OPPORTUNITY IN NORMANDY ISLES… THIS 10-UNIT APARTMENT BUILDING IS LOCATED ON NORMANDY DRIVE AND IS JUST A SHORT WALK FROM NORMANDY ISLES RESTAURANT/RETAIL ROW AND VERY CLOSE TO THE WHITE SANDY BEACHES OF MIAMI BEACH, SHOPPING CENTER, MALLS, NIGHT LIFE, AND DOWNTOWN. SAVY INVESTORS MAY WANT TO EXPLORE THE OPTION OF CONVERTING THIS BUILDING TO SHORT TERM RENTAL PROPERTY AND MAXIMIZE RETURNS. MOST OF THE CURRENT TENANTS HAVE BEEN HERE FOR 10+ YEARS BUT ARE MONTH TO MONTH. THERE IS GREAT POTENTIAL TO INCREASE THE RENTS TO MATCH THE HIGHER RATES IN THIS MARKET. THIS BUILDING HAS PASSED THE 40-YEAR AND 50-YEAR RECERTIFICATION AND HAS ALL LICENSES/PERMITS/CERTIFICATIONS UP TO DATE WITH THE COUNTY/CITY.

Features
: Central, Wall Furnace, Window Unit
: Central Air, Wall/window Unit(s)
: Common
: Public Sewer
Address Map
FL
Miami-Dade County
Miami Beach
33141
1936 NORMANDY DRIVE 1-10
W81° 51' 32.9''
N25° 51' 6.9''
MLS Addon
7,655 Sqft
ISLES OF NORMANDY
: Block
23
23
1
1
: 36 Months
Cash,Conventional
02-32-10-011-0460
: Apartment
$27,900
2021
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Commercial Sale For Sale

1936 NORMANDY DRIVE 1-10, Miami Beach, Florida 33141

6,250 Sqft
$2,099,999
MLS # #A11150410
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $2,099,999
Year Built : 1958
Lot Area : 6,250 Sqft
MLS # : A11150410
Property Sub Type : Multi Family
Agent info
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