Sold
1936 NORMANDY DRIVE # 10 Unit: 1-10
Miami Beach FL, 33141
$1,850,000
$241.67 per sqft
Sold
7,655 sqft
Commercial
Built in 1958
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!
A11201794
MLSⓇ ID
February 17, 2022
Listed
February 15, 2024
Updated
Map
1936 NORMANDY DRIVE # 10 Unit: 1-10
Miami Beach FL, 33141
Interior Features
Total Stories
2
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Individual A/C, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central Individual A/C, Wall/Window Units
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
In Residential Area
Roof
Composition Roll
Sewer
Public Sanitation
Other Property Details
Taxes
$27,900
Tax Frequency
Annually
Days on Market
92
Garage
No
Parking
Common
Parking Total
5
View
No
County
Miami-Dade County
Water Source
Public
Pool
No
Zoning
3900
Buyer Agency Compensation
2.50%
Listing History
Date | Event | Price |
|---|---|---|
11/10/2023 | Sold | $1,850,000 |
Listed by: Compass Florida, LLC
Listing Contact: 954-298-2841
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 7:53 AM UTC, 2/15/2024.