Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Floors: 2
- Lot size: 5250, 5250 sq ft
- Year built: 1940
- County: Miami-Dade
- Lease Term: ThirtySixMonths
- MLS ID: A11924424
Description
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Description:
OCEAN SIDE OF ISLE OF NORMANDY PB 25-60 LOT 5 LESS S50FT BLK 3 LOT SIZE 63.330 X 75 OR 23582-2898 07 2005 2 (2) COC 26296-4755 03 2008 2 Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community
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Building Details
Amenities & Features
- Security Features: SecuritySystem,SmokeDetectors
- Roof: Tile
- Window Features: ImpactGlass
- Cooling: Other
- Electric: Volts110
- Exterior Features: SecurityHighImpactDoors
- Heating: Other
Expenses, Fees & Taxes
- Trash Expense: $1,500
- Utilities Expense: $8,500
- Maintenance Expense: $1,800
- Operating Expense: $50,000
- Tax Annual Amount: $28,380
- Insurance Expense: $9,000
- Tax Year: 2024
Miscellaneous
- List Office Name: One Sotheby's International Realty
- Listing Terms: Cash,Conventional,Cryptocurrency
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 7124, Bay Dr, Miami Beach, FL, 33141 was built in 1940, and is listed at $2,390,000.