6955 Rue Vendome ,Other, Quadruplex, Oceanside Sec Isle Of Nor for Sale

6955 Rue Vendome for Sale

Price $1,875,000.00

• Lot size 3552
• Year Build 1936
• Waterfront
• Zip 33141
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

6-unit MF property in Normandy Isle's highest demand district central to City's master plan. Covered land play steps from Normandy's iconic fountain/monument, retail corridor and 71st street access to North Beach. 2nd option- add 3 units to existing (+$65K to GI). Redevelopment- 1.25 FAR allows 8,915 SF (existing 3,552 SF RSF footprint) vertical 55 feet w/45% lot coverage; RM-1 density 9.79 units (+3). Exponential cash on cash return + yield on capital growth + positive cash flows ($132K GI) through shovel-ready. Owner CAPEX (2020)- Plumbing/Sewer, Irrigation/landscaping, (coin) W/D Room, Stucco/Exterior (2019/2022), Kitchens/Baths/Floors, rooftop central A/C, roof (2014) & 6 FPL meters. 5 Parking Spaces + city lots (rear) **DO NOT DISTURB TENANTS-PROPERTY UNDER SURVEILLANCE**

**Full financials, rent roll, etc. available for qualified, vetted buyers only**

OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 28 BLK 5 LOT SIZE 56.600 X 126 OR 20170-1663 12 2001 4 COC 25489-1147 02 2007 4

Less Than 1/4 Acre Lot

6-unit MF property in Normandy Isle's highest demand district central to City's master plan. Covered land play steps from Normandy's iconic fountain/monument, retail corridor and 71st street access to North Beach. 2nd option- add 3 units to existing (+$65K to GI). Redevelopment- 1.25 FAR allows 8,915 SF (existing 3,552 SF RSF footprint) vertical 55 feet w/45% lot coverage; RM-1 density 9.79 units (+3). Exponential cash on cash return + yield on capital growth + positive cash flows ($132K GI) through shovel-ready. Owner CAPEX (2020)- Plumbing/Sewer, Irrigation/landscaping, (coin) W/D Room, Stucco/Exterior (2019/2022), Kitchens/Baths/Floors, rooftop central A/C, roof (2014) & 6 FPL meters. 5 Parking Spaces + city lots (rear) **DO NOT DISTURB TENANTS-PROPERTY UNDER SURVEILLANCE**

City:Miami Beach,Roof:1:Flat Tile,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Latitude:25.8550793,Cooling Y N:1,Heating Y N:1,List Price:1875000,Listing Id:A11453884,Longitude:-80.1280941,Mls Status:Active,Year Built:1936,Living Area:3552,Postal Code:33141,Street Name:Rue Vendome,Coordinates:1:25.8550793,Photos Count:27,Building Name:OCEANSIDE SEC ISLE OF NOR,Days On Market:6,Listing Terms:1:Conventional,2:Exchange,Lot Size Units:Square Feet,M L S Area Major:Oceanside Sec Isle Of Nor,On Market Date:2023-09-15,Parcel Number:02-32-10-013-0670,Parking Total:5,Property Type:Residential Income,Stories Total:2,Street Number:6955,M I A M I R E_ Style:Fourplex,Public Remarks:6-unit MF property in Normandy Isle's highest demand district central to City's master plan. Covered land play steps from Normandy's iconic fountain/monument, retail corridor and 71st street access to North Beach. 2nd option- add 3 units to existing (+$65K to GI). Redevelopment- 1.25 FAR allows 8,915 SF (existing 3,552 SF RSF footprint) vertical 55 feet w/45% lot coverage; RM-1 density 9.79 units (+3). Exponential cash on cash return + yield on capital growth + positive cash flows ($132K GI) through shovel-ready. Owner CAPEX (2020)- Plumbing/Sewer, Irrigation/landscaping, (coin) W/D Room, Stucco/Exterior (2019/2022), Kitchens/Baths/Floors, rooftop central A/C, roof (2014) & 6 FPL meters. 5 Parking Spaces + city lots (rear) **DO NOT DISTURB TENANTS-PROPERTY UNDER SURVEILLANCE**,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2024-03-15,List Office Name:Real Estate Sales Force,Private Remarks:**Full financials, rent roll, etc. available for qualified, vetted buyers only**,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2951,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEANSIDE SEC ISLE OF NOR,Tax Annual Amount:15654,Unparsed Address:6955 Rue Vendome, Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3552,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:577.1396,Original List Price:2050000,Public Survey Range:32,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,3:Existing Survey,I D X Participation Y N:1,Number Of Units Total:6,Syndication Remarks:6-unit MF property in Normandy Isle's highest demand district central to City's master plan. Covered land play steps from Normandy's iconic fountain/monument, retail corridor and 71st street access to North Beach. 2nd option- add 3 units to existing (+$65K to GI). Redevelopment- 1.25 FAR allows 8,915 SF (existing 3,552 SF RSF footprint) vertical 55 feet w/45% lot coverage; RM-1 density 9.79 units (+3). Exponential cash on cash return + yield on capital growth + positive cash flows ($132K GI) through shovel-ready. Owner CAPEX (2020)- Plumbing/Sewer, Irrigation/landscaping, (coin) W/D Room, Stucco/Exterior (2019/2022), Kitchens/Baths/Floors, rooftop central A/C, roof (2014) & 6 FPL meters. 5 Parking Spaces + city lots (rear) **DO NOT DISTURB TENANTS-PROPERTY UNDER SURVEILLANCE**,Listing Contract Date:2023-09-15,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:Call Listing Agent,Street Number Numeric:6955,Tax Legal Description:OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 28 BLK 5 LOT SIZE 56.600 X 126 OR 20170-1663 12 2001 4 COC 25489-1147 02 2007 4,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3298,Contract Status Change Date:2023-09-15,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:577.14,