Listed by Miami Beach Real Estate Group
$17,700,000
NORMANDY WATERWAY SUB
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 32,532
Net Rentable (SqFt) 21,166
Units 10
Cap Rate 4.52%
NOI $799,398
Pro-Forma Cap Rate 4.52%
Pro-Forma NOI $799,398
Price per SqFt $544
Year Built 2013
Year Renovated 2024
Buildings 2
Stories 3
Lot Size (SqFt) 17,640
Parking Spaces 20 per unit
Investment Type Sale/Leaseback
Occupancy Date 12/31/2024
Ground Lease No
Multifamily | 10 Units | $1,770,000/unit
Marketing description
10 Townhome complex located in Miami Beach with direct access to the Intercostal. Building has been completely renovated 2024. Actually in the process of building 8 boat slips. 100% vacant. New flooring, bathrooms, Kitchen cabinets, appliances. SELLER FINANCING AVAILABLE
Investment highlights
10 Townhome complex located in Miami Beach with direct access to the Intercostal. Building has been completely renovated 2024. Actually in the process of building 8 boat slips. 100% vacant. 2% commission.
Listing Contacts
Listed by Miami Beach Real Estate Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$799,398.00
$66,616.50/mo
Valuation Metrics
0
DSCR
4.52%
Cap Rate
4.52%
ROI
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