We are thrilled to present an exclusive opportunity for investors at 1735 Normandy Drive. Recently fully rehabilitated, these four apartments boast a fresh, modern appeal, making them an excellent investment choice. Key Features: Recent Full Rehab: Plumbing, electricity, appliances, and flooring have all been newly renovated to high-end quality. Building: This established building has stood the test of time, offering a solid foundation for investment. Great opportunity SELLER FINANCE UP TO 50%Fully Rented: The entire building has recently been leased out, generating a monthly income of $9,000It is rented 15/25% below market value. Pro forma calculated by Miami Beach Housing 2024 PRO FORMA $10,500. MONTHLY RENT
Property Details
Price:
$1,800,000
MLS #:
A11480360
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
ISLE OF NORMANDY MIAMI VI
City:
Miami Beach
Listed Date:
Nov 3, 2023
State:
FL
Finished Sq Ft:
3,603
ZIP:
33141
Year Built:
1953
Units:
4
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Schools
Interior
Cooling
Central Air
Flooring
Other
Heating
Central
Exterior
Architectural Style
Other
Roof
Other
Financial
Buyer Agent Compensation
2.0%%
Tax Year
2022
Taxes
$12,216
Map
Community
- Address1735 Normandy Dr Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33141
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