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Gelfand Realty Miami Properties for Sale - Commercial for Sale

1936 NORMANDY DR #1-10, MIAMI BEACH, FL 33141

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Asking Price$2,099,999

  • Lot size 6250sqft
  • Taxes $27,900
  • Year Built 1958
  • Days on market:

    83 day(s)
  • Original Price:

    $2,099,999
  • Tax Legal Description:

    9-10 53 42 MIAMI VIEW SEC-ISLE OF NORMANDY PART 3 PB 40-33 LOT 10 BLK 36 LOT SIZE 50.000 X 125 OR 18923-2809 1299 1
  • Tax Year:

    2021
  • Property Type:

    Commercial
  • Parking:

    Common
  • Inclusions:

    Building & Land,Fixtures,Leases, Leases
  • Lease Term Remaining:

    1 To 3 Year Lease
  • Construction Type:

    Cbs ConstructionConcrete Block Construction
  • Roof:

    Composition Roll
  • Cooling Description:

    Central Individual A/CWall/Window Unit(s)
  • Heating Description:

    Central Individual A/CWall/Window Units
  • Floor Description:

    Tile
  • Special Listing Conditions:

    Sale
  • Lot Features:

    In Residential Area

Description

$2,099,999

Location, location, location! excellent investment opportunity in normandy isles... this 10-unit apartment building is located just a short walk from normandy isles retail row and is very close to the white sandy beaches of miami beach, a world-famous golf course, shopping centers, malls, night life, and downtown. savy investors may want to explore the option of converting this building to a short-term rental property and maximize returns. most of the current tenants have been here for 10+ years but are month to month. there is great potential to increase the rents to match the higher rates in this market. this building has passed the 40-year and 50-year recertification and has all licenses/permits/certifications up to date with the county/city. potential to go verticle up to 6 stories!
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