About This Home
This 4-bedroom, 0-bathroom multi-family at 1794 Normandy Dr in Miami Beach, FL is listed for $1,375,000 ($458 per sqft). Built in 1946, the home offers 3,000 sqft of living space on a N/A lot.
Key Features
- Built in 1946
- 2 stories
Property Details
Amenities
DEVELOPERS & INVESTORS-Rare opportunity to acquire two adjacent four-unit multifamily properties at 1784 and 1794 Normandy Drive in Miami Beach. Offered together for $2,750,000 the properties comprise eight (8) existing rental units on approximately 12,500 SF of combined land with approximately 100 feet of frontage in desirable Normandy Isle.
The assemblage provides immediate income with compelling long-term redevelopment potential. Preliminary conceptual planning indicates the site may accommodate approximately 12 contemporary townhouses configured as two six-unit modules, subject to verification of zoning, FAR, parking, historic classification and all required City approvals.
The properties are located within the RM-1 multifamily district and North Beach National Register Conservation District Overlay. An excellent opportunity to renovate, hold for income or explore a boutique residential redevelopment. See attachments for Conceptual development study. No development plans or unit count are approved or guaranteed. Buyer must conduct independent due diligence with the City of Miami Beach. Please do not disturb tenants.
Monthly Cost Estimate
$7,354/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1794 Normandy Dr
Miami Beach, FL 33141
ISLE OF NORMANDY MIAMI VI
Property Details
Flooring
Construction
Cooling
Questions & Answers
This 4-bedroom, 0-bathroom multi-family at 1794 Normandy Dr is listed at $1,375,000 ($458/sqft). The estimated monthly payment is $7,354 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1946, 2 stories.
This property is listed by Franck Aravya and can be reached at 3059899312.
