This impressive opportunity with 49 apartment units under one roof and 28 on-site parking spaces, is the most desirable investment available in Miami Beach. Residents enjoy the proximity to the beach and parks. Amenities like a private pool, abundant balconies, plentiful parking, huge closets and on-site laundry keep tenants happy while they appreciate the MiMo building architecture. Strong rental demand and stable cash flow, as well as the planned neighborhood public and private developments, make this investment exceptionally attractive. The 49 oversized units are 51% larger than the average Normandy Isle apartment. Priced well below market average at only $241.69/sqft, this is a high-performing asset demanding premium pricing and showing high occupancy year over year.

Property Details

  • MLS #A10555965
  • TypeCommercial
  • StatusActive
  • Subdivision
  • Sale TypeRegular Sale
  • Approx Lot Size33,620
  • ParkingAssigned Parking,Street Parking
  • Days on Market175
  • Year Built1959
  • StyleApartments
  • WaterfrontNo
  • FurnishedNo
  • Flooring TypeTile Floors
  • Date Listed10/31/2018
  • CoolingWall/Window Unit Cooling
  • HeatingWall/Window Units
  • Taxes Year2017
  • Taxes$92,891

Miscellaneous Information

  • Balconies
  • Elevator
  • Fenced Area
  • Laundry Facilities
  • Pool

The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2019-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Urban Resource LLC

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