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Multi Family Residential

2101 Normandy Drive Miami Beach, FL 33141
Price:$11,000,000.00 ID #:1010555965
County:Miami-DadeListing Status: Active, Available
Square Footage:33,620Tax ID No.:02-32-10-011-0940
Zoning:Year Built:1959
Environmental Audit:Unknown
Transaction Type:For Sale
Annual Property Tax: $92,891 Style:
Construction Type:Concrete Block Construction, Other Construction Type:
Lot Size:33620
Number of Offices:0
Parking Spaces:27
Dock Height:0
Number of Units:49
Number of Loading Doors:0
Legal Description.:MIAMI VIEW SEC ISLE OF NORMANDY PART 3 PB 40-33 LOTS 8 TO 11 INC BLK 43 LOT SIZE 268.950
List Date YYYY/MM/DD : 2018-10-31

Remarks:This impressive opportunity with 49 apartment units under one roof and 28 on-site parking spaces, is the most desirable investment available in Miami Beach. Residents enjoy the proximity to the beach and parks. Amenities like a private pool, abundant balconies, plentiful parking, huge closets and on-site laundry keep tenants happy while they appreciate the MiMo building architecture. Strong rental demand and stable cash flow, as well as the planned neighborhood public and private developments, make this investment exceptionally attractive. The 49 oversized units are 51% larger than the average Normandy Isle apartment. Priced well below market average at only $241.69/sqft, this is a high-performing asset demanding premium pricing and showing high occupancy year over year.

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RealPro Group, Inc. is not responsible for the accuracy of the information listed above. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange Program (IDX) and the South East Florida Regional MLS and is provided here for consumers personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. This property is listed by Urban Resource LLC .
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