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 305-647-2663
Listing Snapshot
Days Online
30
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
$466k
-9%
(avg) sold price
32
-13%
homes sold
150
+22%
(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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