Prime multifamily investment opportunity in the sought-after Normandy Isle neighborhood of Miami Beach. This well-maintained 5-unit building sits on a 6,662 SF lot and offers strong income potential with a favorable unit mix including three 1BD/1BA units, one 2BD and 1BA and one spacious 1BD/2BA penthouse residence. Ideally positioned near Normandy Park, community pool, local dining, cafés, shopping, and everyday conveniences, with easy access to Biscayne Boulevard, North Beach, and major transit routes. The property benefits from consistent rental demand driven by its central location and walkability. Excellent opportunity for investors seeking stable cash flow with future upside in one of Miami Beach's most established rental submarkets.
| MLS # | A12039962 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 122 |
| Listing Provided By | Miami Residential Group | Julieta Suarez Lepre |
| SQ Feet | 3,924 |
|---|---|
| Units | 3 |
| Zoning | 3900 |
| Acreage | 0.15 |
| Lot Features | City Lot |
|---|
| Parking Features | On Street |
|---|
| Tax Annual Amount | 19343 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 2320 |
| Listing VS Median (in 33141) | |
Price: $1,549,000 low | high Med: $85,000 sqft: 3,924 low | high Med: 16,146 $ / sqft: $395 low | high Med: $7 On site: 122 low | high Med: 26 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 2320 |
| Listing VS Median (in 33141) | |
Price: $1,549,000 low | high Med: $85,000 sqft: 3,924 low | high Med: 16,146 $ / sqft: $395 low | high Med: $7 On site: 122 low | high Med: 26 | |