10 Units Multifamily for sale in Miami,

Usa / Florida / Miami

Description

INVESTMENT HIGHLIGHTS

10 Unit Apartment Building Offered at $1,998,000 at a 5.18% Cap Rate in Miami, FL

  • Quiet Neighborhood
  • Garden Courtyard
  • Dock
  • Waterfront
  • Gated

EXECUTIVE SUMMARY

This one-of-a-kind waterfront property is located in the heart of Normandy Isle. Centrally located and steps from Normandy Shores Golf Course, bayfront tennis, the Normandy Pool & Park & the Normandy Fountain. Located in one of the few neighborhoods in Miami Beach that allows for redevelopment. Surrounded by single-family neighborhoods in high demand, with waterfront homes at an avg $ of $2M for sale or $7200 for rent, this property is perfectly positioned for redevelopment. With few neighborhoods offering the low key, amenity-rich lifestyle provided with this location, the redevelopment of this property will prove to be a smart endeavor. The current unit mix provides for a total of 10 units – 4 2BD’s, 4 1BD’s 1 3BD, & 1 studio with 143 linear feet of waterfront. Listed below appraised value!

PROPERTY FACTS

Property Overview

Price$ 1,998,000
ID17
TypeCommercial
Sold No
Contract Sale
StatusAvailable
Home area9330 sqft
MaterialBlock, Brick

Position

Amenities

  • Air conditioning
  • Balcony
  • Bedding
  • Cable TV
  • Cleaning after exit
  • Cofee pot
  • Computer
  • Cot
  • Dishwasher
  • DVD
  • Fan
  • Fridge
  • Grill
  • Hairdryer
  • Heating
  • Hi-fi
  • Internet
  • Iron
  • Juicer
  • Lift

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