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1936 NORMANDY DRIVE #1-10
Miami Beach, FL 33141
$2,099,999
Closed
66+
$2,099,999
Closed
Bedrooms
Bathrooms
N/A
Half Baths
 
Size Sq. Ft.
DOM
1936 NORMANDY DRIVE #1-10 Miami Beach, FL 33141
Beds, Baths, Multi Family Sq.Ft.

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!

Listing Summary
  • Address 1936 NORMANDY DRIVE #1-10
  • City Miami Beach
  • County Miami-Dade County
  • Zip 33141
  • Price $2,099,999
  • Status Closed
  • Subdivision
  • Pets Allowed No
  • MLS® # A11201794
  • Property Type Commercial Sale
  • Property Sub TypeMulti Family
  • Status Closed
  • Square Feet
  • Year Built 1958
  • Waterfront No
  • Maintenance Fees No Info Provided
  • Taxes $27,900
  • Tax Year 2021
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1936 NORMANDY DRIVE #1-10
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The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (A11201794) is provided courtesy of (Compass Florida, LLC). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated on 04-26-2024. IDX powered by Realty Net Media
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