Condo in Miami Beach, Florida, 2 bedrooms № 1859058

Property description

Investor Opportunity: Normandy Island. Enjoy stunning sunsets from this private 2-bed/2-bath, split-layout unit located on Bay Drive West, nestled on a quiet, no-outlet street. Rents for $3,500/month +/- fully renovated, or can be leased as-is for \$2,500/month +/-. Possible future developer land play opportunity with 2 four unit, single-level buildings and a 2 level building with 18-units, totaling 26 units. The entire property sits on approx. 35,000 SF property with an impressive 220 feet of Biscayne Bay frontage. With $2 billion + in new construction underway in the area. Additional; low monthly maintenance, new seawall, dock, and pool, and the building has successfully passed the 40-year recertification, ensuring structural integrity and compliance. Near Golf, tennis & kid parks.