The Duval Apartments, Commercial Industrial – 2101 Normandy Dr, Miami Beach, FL 33141, USA-001-11-30T00:00:00-05:00
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 balconi

2101 Normandy Dr, Miami Beach, FL 33141, USA

$11,000,000 USD
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Address2101 NORMANDY DRIVE, Miami Beach
Building NameThe Duval Apartments
Type of PropertyIncome
Type of BusinessApartments
Business LocationCorner Lot,End Unit,In Residential Area
Property StyleIncome Non-Waterfront
Price$11,000,000
Previous Price0 (4 days ago)
Property StatusActive
MLS NumberA10555965
Full Bathrooms Number0
Property Size33620
Lot Size33620
Year Built1959
Parking Space Number27
Folio Number02-32-10-011-0940
Net Operating Income$534,438
Days on Market115

Detailed Description: 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.

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Address Information
StateFL
CityMiami Beach
CountyMiami-Dade County
Zip Code33141
Address2101 NORMANDY DRIVE
Business LocationCorner Lot,End Unit,In Residential Area
Zip Code (4 Digits)6903
Google Location Info2101 Normandy Dr, Miami Beach, FL 33141, USA
Financial Information
Price$11,000,000
Price per Foot$0
Folio Number02-32-10-011-0940
Net Operating Income$534,438
Tax Amount$92,891
Tax Year2017
Possession InformationFunding
Full Descriptions
Detailed DescriptionThis 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.
Year Built DescriptionResale
Special InformationCorporation Owned Property
How to ReachContact Listing Agent
Roof DescriptionOther Roof
Floor DescriptionTile Floors
Cooling DescriptionWall / Window Unit Cooling
Heating DescriptionWall / Window Units
Water DescriptionPublic Water
Sewer DescriptionPublic Sanitation
Parking DescriptionAssigned Parking, Street Parking
Occupancy InformationTenant Occupied
RemarksPriced below market average at only $241. 69 / sqft, this is a high-performing asset demanding premium pricing and showing high occupancy year over year
Property parameters
Full Baths Number0
Living Area33620
Lot Size33620
Total Acreage0.000
Maximum Leasable Size45513
Year Built1959
Type of PropertyIncome
Type of BusinessApartments
StyleIncome Non-Waterfront
Building NameThe Duval Apartments
Construction TypeConcrete Block Construction,Other Construction
Street DirectionFlorida
Parking Space Number27
Listed withUrban Resource LLC