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Sold

1936 NORMANDY DRIVE Unit: 1-10

1936 NORMANDY DRIVE # 10 Unit: 1-10, Miami Beach, FL 33141

$1,850,000

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!

7,655 Sq.Ft. LIVING AREA

6,250 Sq.Ft. lot

Features & Amenities

Interior

Flooring Tile

Area & Lot

Status Sold
Living Area7,655 Sq.Ft.
Lot Area6,250 Sq.Ft.
MLS® IDA11201794
TypeCommercial
YEAR BUILT1958

Exterior

STORIES2
water SourcePublic
roofComposition Roll
lot featuresIn Residential Area
parkingCommon
HEAT TYPECentral Individual A/C, Wall/Window Units
AIR CONDITIONINGCentral Individual A/C, Wall/Window Unit(s)
sewerPublic Sanitation
security FeaturesOther Fire Protection, Smoke Detector(s), Security Fence, Security Gate

Financial

Sales Price$1,850,000
Real Estate Tax $27,900/yr
Zoning 3900

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Contact Details

TEAM SIMPKIN

Phone

(954) 644-0870

[email protected]

Address

2500 Weston Rd #404 Weston, FL 33331

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