4,732 SqFt
4,732 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,732 sqft
Price per Sqft $420
Subdivision Ocean Side Sec-Isle Of No
MLS Listing ID A12112742
Style Fourplex
HOA Y/N No
Year Built 1940
Annual Tax Amount $28,380
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential.
Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained.
Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete.
THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value.
Ideally situated minutes from Miami Beach's beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer.
8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.
Location
State FL
County Miami-dade
Community Ocean Side Sec-Isle Of No
Area 32
Zoning 4800
Interior
Heating Electric
Cooling Ceiling Fan(s)
Flooring Hardwood, Tile, Wood
Window Features Impact Glass
Exterior
Exterior Feature Security/High Impact Doors, Patio
Pool None
Utilities Available Cable Available
Roof Type Shingle
Porch Patio
Private Pool No
Building
Lot Description Flood Zone, < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type CBS (Concrete Block Structure),Block
Others
Tax ID 02-32-10-013-0320
Acceptable Financing Cash, Conventional, Cryptocurrency
Listing Terms Cash, Conventional, Cryptocurrency
Special Listing Condition Listed As-Is
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12112742
