$990,000
SOLD FEB 1, 2020

Miami Beach, FL 33141

Normandy Isle Neighborhood
-- Bed
-- Bath
3,683 Sq Ft
1955 Built

Recently Sold

$269 Per Sq Ft

1% Below List Price

2,502 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating and Cooling System

About This Home

As of June 2023

MUST SEE BUILDING- FULLY GUTTED AND RE-DONE. RENOVATIONS INCLUDE ELECTRICAL, PLUMBING, A/C, BATHROOM, KITCHEN, FLOORS, HURRICANE PROOF WINDOWS, NEW ROOF, 40 YEAR INSPECTION ( AROUND 350K SPENT) EVERY UNIT HAS W/D. EACH LEASE HAS FIRST, LAST AND DEPOSIT. G ROSS CAP RATE AT 8.5%, NET CAP RATE 6.70% ($67,000 NOI)

Last Agent to Sell the Property

Nicolas Brocherie

The Olivine Realty Group, LLC License #3065622 Listed on: 03/12/2013

Last Buyer's Agent

Eric Marchand

Marchand Realty, LLC License #3264336

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,952

Year Built

  • Built in 1955

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,683 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile
  • Terrazzo

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $84,600
  • Rent includes rent incl
  • Assessor Parcel Number 02-32-10-012-0280

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Isle Of Normandy Ocean Si Condos
  • Isle Of Normandy Ocean Si Subdivision

Building Details

  • Net Operating Income $66,961

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,952

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1955
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: ISLE OF NORMANDY OCEAN SI
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Terrazzo, Tile, Wood
  • Living Area: 3683
  • Possible Use: Unknown/Withheld
  • Stories: 2

Exterior Features

  • Roof: Built-Up
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ISLE OF NORMANDY OCEAN SI
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-10-012-0280
  • Zoning: 39/MULTI
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Multi Family

  • Net Operating Income: 66961
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Total Actual Rent: 84600

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 4952

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $2,043,500 -2.6% $499 / Sq Ft
05/09/2023 05/09/23 For Sale $2,099,000 +92.6% $513 / Sq Ft
09/14/2021 09/14/21 Sold $1,090,000 -9.2% $266 / Sq Ft
07/13/2021 07/13/21 Price Changed $1,200,000 -11.7% $293 / Sq Ft
04/23/2021 04/23/21 Price Changed $1,359,000 -6.3% $332 / Sq Ft
02/10/2021 02/10/21 For Sale $1,450,000 +46.5% $354 / Sq Ft
02/01/2020 02/01/20 Sold $990,000 -20.8% $269 / Sq Ft
04/05/2018 04/05/18 Sold $1,250,000 -3.8% $339 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
01/30/2018 01/30/18 Price Changed $1,299,000 -7.1% $353 / Sq Ft
11/24/2017 11/24/17 Price Changed $1,399,000 +7.7% $380 / Sq Ft
10/23/2017 10/23/17 Price Changed $1,299,000 -3.8% $353 / Sq Ft
08/12/2017 08/12/17 For Sale $1,350,000 0.0% $367 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
06/28/2017 06/28/17 Price Changed $1,350,000 -6.9% $367 / Sq Ft
03/24/2017 03/24/17 Price Changed $1,450,000 -12.1% $394 / Sq Ft
01/05/2017 01/05/17 Price Changed $1,650,000 -5.7% $448 / Sq Ft
10/28/2016 10/28/16 For Sale $1,750,000 +40.0% $475 / Sq Ft
10/24/2014 10/24/14 Sold $1,250,000 -16.6% $339 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
06/18/2014 06/18/14 For Sale $1,499,000 +51.4% $407 / Sq Ft
04/05/2013 04/05/13 Off Market $990,000 -- --
03/12/2013 03/12/13 For Sale $999,500 -- $271 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mor Ezer

    Seller's Agent in 2023

    Mor Ezer

    Brown Harris Stevens

    (786) 670-5992

    1 in this area

    8 Total Sales

    Mor Ezer
    Section Image

  • L

    Buyer's Agent in 2023

    Libby Paulson

    Global Luxury Realty LLC

    Section Image
  • Cristina Giral

    Seller's Agent in 2021

    Cristina Giral

    Basel Boutique Real Estate

    (786) 346-3902

    1 in this area

    86 Total Sales

    Cristina Giral
    Section Image

  • A

    Buyer's Agent in 2021

    Assaf Hizkiya

    Listings Center

    Section Image

  • N

    Seller's Agent in 2020

    Nicolas Brocherie

    The Olivine Realty Group, LLC

    (786) 420-5855

    6 Total Sales

    Nicolas Brocherie
    Section Image
  • Eric Marchand

    Buyer's Agent in 2020

    Eric Marchand

    Marchand Realty, LLC

    (305) 834-3086

    14 Total Sales

    Eric Marchand
    Section Image
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Source: MIAMI REALTORS® MLS

MLS Number: A1759620

MIAMI REALTORS® MLS

Florida Miami/Dade County Miami Beach 33141

Normandy Isle

This home and is currently priced at $990,000, approximately $268 per square foot. This property was built in 1955. This home is a home located in Miami-Dade County with nearby schools including Treasure Island Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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