935 & 945 Bay Dr, Miami Beach, FL 33141

 
MLS #: A11141760
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Price: $4,500,000 MLS Number: A11141760  Commercial / Investment - SOLD
 Address: 935 & 945 Bay Dr, Miami Beach, Florida 33141 USA
 Lot Square Feet: 13,900
 
 Lot Dimensions: 13900
 
 
 Remarks:
Rare Opportunity to secure a two-folio multi-family assembly in one of the most desirable area of Miami Beach(02-3210-013-0810 & 02-3210-013-0830) The offering includes 18 Units. Six 2 Bedroom / 2 Baths (RARE) and Twelve 1 Bedroom / 1 Bath. All units are HUGE mid-century floor plans with plenty of closets. Several with hardwood floors and original design features. Rents are below market and offer an investor revenue growth opportunity given units sizes and location. The lots are also ideal for development of approximately 20 townhouses (subject to Miami Beach zoning guidelines). Market demand in each approach will provide the Buyer a fantastic capital and income growth. The property is walking distance from Normandy Circle, the North Beach Business District, and the beaches.
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