Normandy Beach South Multifamily For Sale
7110 Bonita Dr, Miami Beach, FL 33141

$2,250,000
Sold
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A10624860
  • Virtual Tour: YES
  • List Price: $2,500,000
  • Sold Price: $2,250,000
  • Taxes:$32,001
  • Waterfront:YES
  • Listing Date:February 21, 2019
  • Sold Date: May 2, 2019
  • Days On Market:69

Description


In the heart of North Beach's Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning. 10 one-bedroom units 4 units have been remodeled Below market rents can be raised Proforma with ove 7.5% returns In-place income More than 25,000 SF of Development Potential Value-add Opportunity Walker's Paradise (94 Walkscore)

Features


  • Waterfront:CanalFront, OceanAccess, Seawall

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker