STATUS: ACTIVE,
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YEAR BUILT: 1959, MLS #: A10555965, LOT DIMENSTIONS: 268, TAX YEAR: 2017
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.
AMENITIES: COMMUNITY LAUNDRY FACILITIES, COMMUNITY SWIMMING POOL(S), GATED COMMUNITY, END UNIT, CONCRETE BLOCK STUCCO, FENCED, CORPORATE OWNED, TILE FLOORING, WALL OR WINDOW AIR CONDITIONER(S), WALL HEATING UNIT(S), CORNER LOT, LOTS SIZE BETWEEN 3/4 AND 1 ACRE, ASSIGNED PARKING, PUBLIC WATER SUPPLY,
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