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1936 NORMANDY DRIVE # 10, Miami Beach FL 33141

Commercial Recently Sold
$1,850,000

BTC: 26.81206050

ETH: 573.81956011

Sold on: 2022-11-01
92 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

LOCATION, LOCATION, LOCATION! EXCELLENT INVESTMENT OPPORTUNITY IN NORMANDY ISLES... THIS 10-UNIT APARTMENT BUILDING IS LOCATED JUST A SHORT WALK FROM NORMANDY ISLES RETAIL ROW AND IS VERY CLOSE TO THE WHITE SANDY BEACHES OF MIAMI BEACH, A WORLD-FAMOUS GOLF COURSE, SHOPPING CENTERS, MALLS, NIGHT LIFE, AND DOWNTOWN. SAVY INVESTORS MAY WANT TO EXPLORE THE OPTION OF CONVERTING THIS BUILDING TO A 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. POTENTIAL TO GO VERTICLE UP TO 6 STORIES!

Location

Florida • Miami Beach • 33141 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
Common
Year Built:
1958
Lot:
6250 Square Feet
Heating:
Central Individual A/C / Wall/Window Units
Price/sqft:
No Data
Cooling:
Central Individual A/C / Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Tile

    Heating

    • Central Individual A/C

    • Wall/Window Units

    Cooling

    • Central Individual A/C

    • Wall/Window Unit(s)

  • Parking

    • Common

    Lot

    • Lot: 6250 Square Feet

    Other Property Information

    • Parcel Number: 02-32-10-011-0460

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $27,900

  • Source details

    • MLS ID: A11201794

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: In Residential Area

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC