Isle of Normandy 1735 Normandy Dr North Beach - NoBe, FL 33141
FOR SALE - Active
$1,800,000
$2,150,000
(16.3%)
Studio
Beds
3,603
Sq.Ft.
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 3,603 ft2/334.73 m2
- Price Per: $499.58 ft2/$5,377.48 m2
- Type: Multifamily
- Built: 1953
- HOA: No info
- MLS Number: A11480360
- View No info
- On Site: 193 days
- Updated: Listing Refreshed: 16 Days Ago
We are thrilled to present an exclusive opportunity for investors at 1735 Normandy Drive. Recently fully rehabilitated, these four apartments boast a fresh, modern appeal, making them an excellent investment choice. Key Features: Recent Full Rehab: Plumbing, electricity, appliances, and flooring have all been newly renovated to high-end quality. Building: This established building has stood the test of time, offering a solid foundation for investment. Great opportunity SELLER FINANCE UP TO 50%Fully Rented: The entire building has recently been leased out, generating a monthly income of $9,000It is rented 15/25% below market value. Pro forma calculated by Miami Beach Housing 2024 PRO FORMA $10,500. MONTHLY RENT
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 03/17/2024 | Price Reduced | $1,800,000.00 | 9.5% | $499.58 ft2/$5,377.48 m2 |
| 02/04/2024 | Price Reduced | $1,990,000.00 | 5.2% | $552.32 ft2/$5,945.10 m2 |
| 01/15/2024 | Price Reduced | $2,100,000.00 | 2.3% | $582.85 ft2/$6,273.72 m2 |
| 11/03/2023 | Listed | $2,150,000.00 | $596.72 ft2/$6,423.10 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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