Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

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!

Features
: Central Individual A/c, Wall/window Units
: Central Individual A/c, Wall/window Unit(s)
: Fenced
: 5
: Exterior Lighting, Natural Gas, Laundry Facilities, Outside Storage
: 100 Amp Service
: Tile
: In Residential Area
: Common
: Composition Roll
: Smoke Detector(s), Security Fence, Security Gate, Other Fire Protection
: Public Sanitation
Address Details
FL
Miami-Dade County
Miami Beach
33141
1936 NORMANDY DRIVE # 10
ISLES OF NORMANDY
0
Other
: Cbs Construction, Concrete Block Construction
110
: Building & Land, Leases, Fixtures
: 1 To 3 Year Lease
: All Cash, Conventional/refinance, Cryptocurrency
: City Street, County Road
1
: Sale
2
: Commercial Condo, Free Standing
$27,900
2021
: Public
3900

Commercial Sale For Sale

ISLES OF NORMANDY

1936 NORMANDY DRIVE # 10, Miami Beach, Florida 33141

6,250 Sqft
$2,099,999
Listing ID #A11201794
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11201794
Price : $2,099,999
Year Built : 1958
Lot Area : 6,250 Sqft
Building Area : 7,655 Sqft
Status : Active
Contact Agent