2101 Normandy Drive

    Miami Beach, FL 33141
    • $11,000,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: A10555965
    UPDATED: 72 min ago
    $11,000,000
    • 0
      BEDS
    • 0.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    32
    Type:
    Commercial
    Built:
    1959
    County:
    Area:
    32

    School Ratings & Info

    Description

    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.

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-11T12:41:55.143.
    www.miamilifestyle.com/homes/89026444

    2101 Normandy Drive Miami Beach, FL 33141

    • Price: $11,000,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: A10555965
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.77
    Acres
    1959
    Built
    Neighborhood:
    32
    County:
    Miami-Dade
    Area:
    32
    Property Description
    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.
    Exterior Features

    Construction Type Concrete Block ConstructionOther Construction Num Loading Doors 0 Num Parking Spaces 27 Parking Description Assigned ParkingStreet Parking Road Type Description One WayTwo Lane Roof Description Other Roof Waterfront Property Yn No

    Interior Features

    Cooling Description Wall/Window Unit Cooling Floor Description Tile Floors Heating Description Wall/Window Units Interior Ceiling Height 8.0000 Maximum Ceiling Height 8.0000 Num Offices 0

    Property Features

    Approximate Lot Size 33620 Electric Service Separate Meters Fire Protection Smoke Alarm Information Available Aerial Photo(S)Copy Of Lease(S)PhotosRent Rolls Insurance Expense 27954 Lease Term Info Annual Lease Location Of Property Corner LotEnd UnitIn Residential Area Lot Frontage 268 Num Bays 0 Ownership Corporation Property Description Multi Family Residential Reo YN No Sale Includes Building & LandFixturesLeases Security Information FencedSecurity Gate Sewer Description Public Sanitation Short Sale Yn No Special Information Corporation Owned Property Style Of Property Income Non-Waterfront Subdivision Complex Bldg The Duval Apartments Tax Amount 92891 Tax Year 2017 Terms Considered All CashConventional/RefinanceOther Terms Typeof Property Income Water Description Public Water Year Built Description Resale

    Listing courtesy of Urban Resource Llc.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-11T12:41:55.143.
     
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