$1,549,000
Miami Beach, FL 33141
MLS# A12039962
3924 sqft
1 / 33
Property Description
Prime multifamily investment opportunity in the sought-after Normandy Isle neighborhood of Miami Beach. This well-maintained 5-unit building sits on a 6,662 SF lot and offers strong income potential with a favorable unit mix including three 1BD/1BA units, one 2BD and 1BA and one spacious 1BD/2BA penthouse residence. Ideally positioned near Normandy Park, community pool, local dining, cafés, shopping, and everyday conveniences, with easy access to Biscayne Boulevard, North Beach, and major transit routes. The property benefits from consistent rental demand driven by its central location and walkability. Excellent opportunity for investors seeking stable cash flow with future upside in one of Miami Beach’s most established rental submarkets.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-06-19
Status: Active
Original List Price: 1680000
List Price: $1,549,000
Current Price: $1,549,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Municipal Code: 2
Postal Code: 33141
Subdivision Number: 2
Flood Zone: AE
Country: United States
Street Number: 1980
Street Name: Biarritz
Street Suffix: Drive
State Or Province: FL
Postal Code +4: 4429
Area: 2320
Parcel Number: 0232100020880
Zoning: 3900
General Property Information
Number Of Units Total: 3
Occupant Type: Tenant
Lot Size Area: 6662
Property Sub Type: Multi Family
Building Area Main: 3924
Year Built: 1951
Lot Size Acres: 0.15
Currently Not Used
Ownership Type: Sole Proprietor
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Wood: 1
Parking Features
On Street: 1
Property Condition
Resale: 1
Documents Available
Aerial Photo(s): 1
Copy Of Lease(s): 1
Rent Rolls: 1
Tenant Pays
Electricity: 1
Interior Electric: 1
Location of Property
City Location: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Common Area Maintenance Includes
Outside Insurance: 1
Heating
Window/Wall: 1
Sale Includes
Building: 1
Land: 1
Leases: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Concrete: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Real Estate Taxes: 19343
Service Expense: 3760
Total Expenses: 34648
Utilities Expense: 4780
Gross Scheduled Income: 116640
Insurance Expense: 2205
Net Operating Income: 81992
Other Expense: 1860
Trash Expense: 2700
Description of Unit Type 1
Unit Type: 1 Bedroom
Units Total: 3
Beds Total: 1
Furnished: No
Annual Rent: 1810
Description of Unit Type 2
Unit Type: 1 Bedroom
Units Total: 3
Beds Total: 1
Furnished: No
Annual Rent: 2050
Cooling
Wall/Window Unit(s): 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Furnished: No
Annual Rent: 2000
Description of Unit Type 4
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Furnished: No
Annual Rent: 2050
Showing Requirements
Call Listing Agent: 1
Price Calculations
Current Price To SqFt: 394.75
Section Details
Parcel Number MLX: 0880
Financial Information
Tax Annual Amount: 19343
Tax Year: 2025
Tax Legal Description: ISLE OF NORMANDY MIAMI VIEW SEC PART 1 PB 34-80 LOT 4 BLK 38 LOT SIZE 53.300 X 125 OR 14340-1297 1189 4
Status Change Information
Major Change Timestamp: 2026-10-05T20:57:52Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-05T20:57:52Z
Status Change Date: 2026-06-19
Originating Details
Originating System Key: 514350322
Originating System ID: M00000151
Property Features
Common Area Maintenance Includes: Outside Insurance
Documents Available: Aerial Photo(s); Copy Of Lease(s); Rent Rolls
Flooring: Tile; Wood
Heating: Window/Wall
Location of Property: City Location
Parking Features: On Street
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Land; Leases
Tenant Pays: Electricity; Interior Electric
Construction Materials: Block
Cooling: Wall/Window Unit(s)
Listing Terms: Cash; Conventional
Roof: Concrete
Security Features: Fire Alarm; Smoke Detector(s)
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Call Listing Agent
Listing Office: Miami Residential Group
Last Updated: October - 26 - 2026
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