Commercial property in Miami Beach, Florida 420.29 sq.m. № 1141408

Property description

Location! Location! Location! Miami Beach 4Plex, All Large 2 Bed 2 Bath Units In One Of Miami's Exclusive Areas, Normandy Isles! Located About A Mile From Miami Sandy Beaches & Surrounded By Beautiful Biscayne Bay. Normandy Isles Also Has Community Parks, Pool + Normandy Shores Golf Course & So Much More. Making This Property Ideal For Possible Air Bnb, Annual Rental Or Owner Occupant. Property Has An Additional Bonus Lot To Possibly Expand The Building, Add a Pool Or For Possible Additional Units. All 4 Units Have Separate Electric Meters. Current Rents Are Below Market. Projected Annual Gross Income is $132,000 +/- (Including Coin Laundry). Estimated Annual Expenses Are $37,482 +/-. Expenses Include Taxes:$14,382 Landscaping: $3,000 Estimated Insurance: $7,500 Water: $6,000 Trash: $6,600