Seller Financing
Address
1735 Normandy Dr, Miami Beach, FL
Price
$ 1,800,000
Property Attributes
- MLS#A11480360
- TypeIncome
- CountyMIAMI-DADE
- CityMiami Beach
- Area32
- NeighborhoodISLE OF NORMANDY MIAMI VI
- Zip33141
- StyleFourplex
- Year Built1953
- Taxes$ 12216
- Price$ 1,800,000
- Bedrooms15
- Full Bathrooms20
- Half Bathrooms0
- Sqr Footage3603
Data Source:
Southeast Florida MLS (SEFMLS)
Property 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
| Price History | |
|---|---|
| 11/3/2023 | Listed $2,150,000 |
| 1/16/2024 | 3% - $2,100,000 |
| 2/4/2024 | 6% - $1,990,000 |
| 3/17/2024 | 10% - $1,800,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Utilities | CableNotAvailable |
| Possession | Other |
| Roof | Other |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1953 |
| Stories | 1 |
| Levels | One |
| Property SubType | Quadruplex |
| Tax Year | 2022 |
| County | Miami-Dade County |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | ISLE OF NORMANDY MIAMI VI |
| Garage Y/N | No |
| Rent Includes | Gardener,Sewer,TrashCollection |
| Special Listing Conditions | ListedAsIs |
| Status | Active |
| City | Miami Beach |
| Buyer Agent Compensation | 2.0% |
| View Y/N | No |
| Senior Community Y/N | No |
| Zoning Description | 3900 |
| MLS Area | 32 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Normandy Dr |
| Listing Terms | Cash,Conventional,Other |
| Property Attached Y/N | No |
| Year Built Details | Resale |
| Land Lease Y/N | No |
| Tax Annual Amount | 12216.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11480360 |
| Days on Market | 177 |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Total Actual Rent | 108000.0 |
| Property Sub Type Additional | Quadruplex |
| MobileHomeRemainsYN | No |
| PostalCity | Miami Beach |
| 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 |
Interior Features
| Flooring | Other |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Item14Acre |
|---|---|
| Total Parking | 0.0 |
| Spa | No |
| Building Area Total | 3603.0 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33141
Price
Taxes
Visits
Year Built
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Data Last Updated: May 13, 2024 6:59 PM UTC
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
