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1995 Bay Dr
Miami Beach, FL 33141
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Can Increase Rents Up to $100 a Unit
- Recently Completed Renovation
Property Facts
| No. Units | 16 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 8,218 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1939 |
| Building Class | C | Parking Ratio | 0.34/1,000 SF |
| Zoning | RM-2, Miami Beach - Development Regulations and Parking | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,218 SF |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | RM-2, Miami Beach - Development Regulations and Parking |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
About 1995 BAY DR , MIAMI BEACH, FL 33141
Marcus & Millichap, as exclusive listing agents, 1995 Bay Drive, a 16 unit apartment building located in Normandy Isles, The property has been completely renovated and only blocks from North Beach. The property consists of eight studios and eight one-bedrooms units. The property is fully leased, with upside in rents which can be increased $100 a unit as is. Normandy Isles is one of the most desirable rental markets in Miami-Dade County as North Beach will be experiencing a major redevelopment of hotels and premium retail.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $1,166 | 430 |
| 1+1 | 8 | $1,219 | 597 |
Property Taxes
| Parcel Number | 02-3210-002-1050 | Improvements Assessment | $1,613,500 |
| Land Assessment | $726,500 | Total Assessment | $2,340,000 |
Property Taxes
Parcel Number
02-3210-002-1050
Land Assessment
$726,500
Improvements Assessment
$1,613,500
Total Assessment
$2,340,000
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