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1971-1985 Bay Dr
Miami Beach, FL 33141
The Villas at Normandy Isles · Multifamily Property For Sale
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24 Units
Investment Highlights
- Best-in-Class Asset in AAA Location on Normandy Isles (Miami Beach)
- Certificate of Use Issued 5/13/21, 100% Leased as of 6/15/21
- New Roofs, Central A/C’s & Hurricane Resistant Impact Windows & Doors
- 2-Building, 24-Unit Apartment Complex, Gut Renovated in 2020-2021
- Stainless Appliances, Washers/Dryers, Tank-less Water Heaters, Luxury Finishes
Property Facts
| No. Units | 24 | Lot Size | 0.50 AC |
| Property Type | Multifamily | Building Size | 18,572 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1938/2020 |
| Zoning | RM-1 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 18,572 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1938/2020 |
| Zoning | RM-1 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 20 | - | - |
Property Taxes
| Parcel Number | 02-3210-002-1040 | Improvements Assessment | $2,561,000 |
| Land Assessment | $2,179,000 | Total Assessment | $4,740,000 |
Property Taxes
Parcel Number
02-3210-002-1040
Land Assessment
$2,179,000
Improvements Assessment
$2,561,000
Total Assessment
$4,740,000
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