2101 Normandy Drive Miami Beach, FL $ 11,000,000
$ 11,000,000 Request info
2101 Normandy Drive
$ 11,000,000

2101 Normandy Drive Miami Beach, FL, 33141

$ 11,000,000
Bedrooms Baths--

Monthly Estimate*

$ 42,649

How much can I afford?
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Commercial Property for sale in Miami Beach, FL

for $11,000,000. This building was built in 1959 on a lot size of 33620.

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.

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Commercial Active

Price

$ 11,000,000

Property Type

Commercial

Taxes

$ 92,891

Style

Apartment

Lot Size

33620

Year Built

1959

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A10555965

Features
Interior
Cooling System Wall Unit(s)
Flooring Tile Flooring
Heating System Wall Unit
Interior Elevator(s) Smoke Alarm
Water Source Public Water
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Exterior
Community Amenities Laundry Facility Swimming Pool(s)
Construction Concrete Block
Exterior Balcony Security Gate
Fence Fenced Partial
Parking 21-40 Parking Spaces Assigned Parking On Street Parking
Road Frontage 2 Lane One Way Road State Road
Zoning Residential
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Miscellaneous
Commercial Sale Includes Building & Land Sale Includes Fixture/Equip Sale Includes Leases
Documents Copy of Lease Rent Roll
Location Corner Lot
Unit Location End
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Rental
Lease Terms Annual
Tenant Pays Electric Gas
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* Excluded Features
List By

Listing Agent

Urban Resource Llc

Broker


Affordability

$ 50,390 per month
Get Pre-Approved
Monthly Principal & Interest
$42,649
Monthly Property Taxes
$7,741
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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2101 Normandy Drive , Miami Beach, FL, 33141 is a Commercial Property for sale at $11,000,000 with a lot size of 33620. 2101 Normandy Drive was built in 1959. The property's zip code is 33141 which is in Miami Beach, FL