Prime multifamily investment opportunity in the sought-after Normandy Isle neighborhood of Miami Beach. This well-maintained 5-unit building sits on a 6,662 SF lot and offers strong income potential with a favorable unit mix including three 1BD/1BA units, one 2BD and 1BA and one spacious 1BD/2BA penthouse residence. Ideally positioned near… Read More Normandy Park, community pool, local dining, cafés, shopping, and everyday conveniences, with easy access to Biscayne Boulevard, North Beach, and major transit routes. The property benefits from consistent rental demand driven by its central location and walkability. Excellent opportunity for investors seeking stable cash flow with future upside in one of Miami Beach’s most established rental submarkets. Read Less
Courtesy of Miami Residential Group, Julieta Suarez Lepre, 305-647-2663.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
3,924
Lot Size
0.15 Acres
Year Built
1951
MLS Number
A12039962
30 Days Snapshot Of 33141
$660k
-18%
(avg) sold price
15
+1,400%
homes sold
143
-74%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1951, Construction materials: "Block", Toal building area: 3924, 3 total units
Cooling
"Wall/Window Unit(s)"
Expenses
Insurance: $2,205
Floors
"Tile", "Wood"
Heating
"Window/Wall"
Lot
0.15 acres
Parking
"On Street"
Property
Zoning: 3900
Roof
"Concrete"
Security Features
"Fire Alarm", "Smoke Detector(s)"
Sewer
"Public Sewer"
Taxes
Annual amount: $19,343
Tenant Pays
"Electricity", "Interior Electric"
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