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Commercial Off Market
1936 NORMANDY DRIVE
Miami Beach, Florida 33141
Miami-Dade CountyCommunity:
$2,099,999
0 br, 0.0 bath
0 sq. ft.
0.000 acres
LOCATION, LOCATION, LOCATION! EXCELLENT INVESTMENT OPPORTUNITY INNORMANDY ISLES... THIS 10-UNIT APARTMENT BUILDING IS LOCATED JUST A SHORT WALK FROMNORMANDY 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!
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 0
- Year Built: 1958
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Central Furnace,Central Furnace
- Garage:
Exterior:
- Lot Size: 0.000 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding: Block
- Roof: Composition Shingle
- Property Taxes: $27,900
- MLS #: A11201794
Contact Information:
Ad Number: 2697571
Viewed 32 times.
Updated: Jun 07, 2022
This property is a Commercial located at 1936 NORMANDY DRIVE, Miami Beach, Florida 33141, and is currently Off Market at $2,099,999. This Commercial has 0 bedrooms, 0.0 baths, 0 sq ft.
