1735 Normandy Dr ,Other, Quadruplex, Isle Of Normandy Miami Vi for Sale

1735 Normandy Dr for Sale

Price $1,800,000.00

  • Lot size 3603
  • Year Build 1953
  • Waterfront
  • Zip 33141
  • Style Other
  • Parking Description
  • Pool Yes
  • Status Active
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Description

We are thrilled to present an exclusive opportunity for investors at 1735 Normandy Drive. Recently fully rehabilitated, these four apartments boast a fresh, modern appeal, making them an excellent investment choice. Key Features: Recent Full Rehab: Plumbing, electricity, appliances, and flooring have all been newly renovated to high-end quality. Building: This established building has stood the test of time, offering a solid foundation for investment. Great opportunity SELLER FINANCE UP TO 50%Fully Rented: The entire building has recently been leased out, generating a monthly income of $9,000It is rented 15/25% below market value. Pro forma calculated by Miami Beach Housing 2024 PRO FORMA $10,500. MONTHLY RENT

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls= For more info email nv@miamgmtgroup.com at 305-322-8767 Do not disturb tenants Buyers must do their own due diligence to confirm with the city. "Exceptional rental returns ? we kindly request not to disrupt tenants for unit visits, except during designated due diligence periods."

ISLE OF NORMANDY MIAMI VIEW SEC PART 2 PB 41-75 LOT 17 BLK 31 LOT SIZE 48.000 X 125 OR 19689-4400 04 2001 1 COC 22568-0068 08 2004 1

Less Than 1/4 Acre Lot

We are thrilled to present an exclusive opportunity for investors at 1735 Normandy Drive. Recently fully rehabilitated, these four apartments boast a fresh, modern appeal, making them an excellent investment choice. Key Features: Recent Full Rehab: Plumbing, electricity, appliances, and flooring have all been newly renovated to high-end quality. Building: This established building has stood the test of time, offering a solid foundation for investment. Great opportunity SELLER FINANCE UP TO 50%Fully Rented: The entire building has recently been leased out, generating a monthly income of $9,000It is rented 15/25% below market value. Pro forma calculated by Miami Beach Housing 2024 PRO FORMA $10,500. MONTHLY RENT

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:25.8526351,Cooling Y N:1,Heating Y N:1,List Price:1800000,Listing Id:A11480360,Longitude:-80.1383814,Mls Status:Active,Year Built:1953,Living Area:3603,Postal Code:33141,Street Name:Normandy Dr,Coordinates:1:25.8526351,Photos Count:28,Building Name:ISLE OF NORMANDY MIAMI VI,Days On Market:177,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Isle Of Normandy Miami Vi,On Market Date:2023-11-03,Parcel Number:02-32-10-017-0240,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,Stories Total:1,Street Number:1735,M I A M I R E_ Style:Fourplex,Public Remarks:We are thrilled to present an exclusive opportunity for investors at 1735 Normandy Drive. Recently fully rehabilitated, these four apartments boast a fresh, modern appeal, making them an excellent investment choice. Key Features: Recent Full Rehab: Plumbing, electricity, appliances, and flooring have all been newly renovated to high-end quality. Building: This established building has stood the test of time, offering a solid foundation for investment. Great opportunity SELLER FINANCE UP TO 50%Fully Rented: The entire building has recently been leased out, generating a monthly income of $9,000It is rented 15/25% below market value. Pro forma calculated by Miami Beach Housing 2024 PRO FORMA $10,500. MONTHLY RENT,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Mia MGMT Group, LLC.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4739,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:ISLE OF NORMANDY MIAMI VI,Tax Annual Amount:12216,Total Actual Rent:108000,Unparsed Address:1735 Normandy Dr, Miami Beach FL 33141,Listing Agreement:Exclusive Right With Exception,Year Built Details:Resale,Building Area Total:3603,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:499.5837,Original List Price:2150000,Previous List Price:1990000,Public Survey Range:32,Documents Available:1:Other Available Information,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:We are thrilled to present an exclusive opportunity for investors at 1735 Normandy Drive. Recently fully rehabilitated, these four apartments boast a fresh, modern appeal, making them an excellent investment choice. Key Features: Recent Full Rehab: Plumbing, electricity, appliances, and flooring have all been newly renovated to high-end quality. Building: This established building has stood the test of time, offering a solid foundation for investment. Great opportunity SELLER FINANCE UP TO 50%Fully Rented: The entire building has recently been leased out, generating a monthly income of $9,000It is rented 15/25% below market value. Pro forma calculated by Miami Beach Housing 2024 PRO FORMA $10,500. MONTHLY RENT,Listing Contract Date:2023-11-03,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:See Broker Remarks,Street Number Numeric:1735,Tax Legal Description:ISLE OF NORMANDY MIAMI VIEW SEC PART 2 PB 41-75 LOT 17 BLK 31 LOT SIZE 48.000 X 125 OR 19689-4400 04 2001 1 COC 22568-0068 08 2004 1,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.0%,M I A M I R E_ Adjusted Area S F:3409,M I A M I R E_ Internet Remarks:no,Contract Status Change Date:2023-11-03,Internet Address Display Y N:1,Number Of Units In Community:4,Transaction Broker Compensation:2.0%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:499.58,

  • Price $1,800,000.00
  • Price Change: 2024-03-17
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1953
  • Waterfront
  • View
  • Pool Yes
  • Style Other
  • Construction
  • Parking Description
  • Flooring Type Other
  • Property Type Residential Income
  • Status Active
  • Listed 2024-03-17
  • Days on Market 197
  • Furnished
  • City Miami Beach
  • Zip 33141
  • State Florida
  • Subdivision
  • Development Name ISLE OF NORMANDY MIAMI VI
  • HOA Fees
  • Taxes 12216
  • Taxes Year 2022