1936 Normandy Dr, Miami Beach, FL 33141
LOCATION, LOCATION, LOCATION! EXCELLENT INVESTMENT OPPORTUNITY IN NORMANDY ISLES... THIS 10-UNIT APARTMENT BUILDING IS LOCATED ON NORMANDY DRIVE AND IS JUST A SHORT WALK FROM NORMANDY ISLES RESTAURANT/RETAIL ROW AND VERY CLOSE TO THE WHITE SANDY BEACHES OF MIAMI BEACH, SHOPPING CENTER, MALLS, NIGHT LIFE, AND DOWNTOWN. SAVY INVESTORS MAY WANT TO EXPLORE THE OPTION OF CONVERTING THIS BUILDING TO SHORT TERM RENTAL PROPERTY AND MAXIMIZE RETURNS. MOST OF THE CURRENT TENANTS HAVE BEEN HERE FOR 10+ YEARS BUT ARE MONTH TO MONTH. THERE IS GREAT POTENTIAL TO INCREASE THE RENTS TO MATCH THE HIGHER RATES IN THIS MARKET. THIS BUILDING HAS PASSED THE 40-YEAR AND 50-YEAR RECERTIFICATION AND HAS ALL LICENSES/PERMITS/CERTIFICATIONS UP TO DATE WITH THE COUNTY/CITY.
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