1986 Biarritz Drive

1986 Biarritz Drive

Miami Beach, FL 33141

Status:
Available
Price:
8,250,000
Folio #:
02-3210-002-0870
Price/Unit:
$318,518
Net Rentable (SF):
24,067
Units:
27
Year Built:
1976
Lot Size:
13,324
Stories:
4

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

1986 Biarritz Dr, located in Normandy Isles neighborhood of Miami Beach, FL, presents a prime investment opportunity exclusively offered for sale by Compass Florida. This impressive 4-story, 27-unit building boasts a generous 24,067 Sq. Ft. of rentable space. Zoned RM-1 and originally built in 1976, this property offers an investment opportunity in this sought-after area of Miami Beach. The Normandy Isles neighborhood is known for its picturesque streets, lush greenery, and a strong sense of community. With its proximity to the beautiful Normandy Shores Golf Club, serene waterways, and a variety of dining and entertainment options, this property offers a unique blend of urban convenience and tranquil surroundings.

INVESTMENT HIGHLIGHTS

  • Fully Renovated 27-Unit Building
  • Upside In Rents
  • Highly Desirable 27-Parking Space Lot
  • Rare 70s Vintage All Concrete Construction
  • Prime Location On Normandy Isles
  • Concrete Roof & High First-Floor Height Due to Ground Level Parking Lot
    • Contributing to Low Insurance Costs
  • Major Developments Blocks Away

EXCLUSIVELY LISTED BY

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

LOGAN RICE

CRE Advisor
Tel: (727) 403-0321
logan@porosoff.com
License: FL SL3591018

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