DO NOT DISTURB TENANTS-Exceptional 10-unit multifamily investment opportunity in Miami Beach’s sought-after Normandy Isles—priced below recent sales averages. This 100% occupied building features 10 1-bed/1-bath units, all benefiting from a new roof, updated electric panel, and a new water heater. 1235 Normandy Drive offers prime proximity to popular shopping centers, tennis courts, top-rated schools, and the pristine shores of North Beach. Commuters enjoy easy access to major thoroughfares and Miami International Airport, while Lincoln Road, Ocean Drive, and Miami Beach Golf Club are just minutes away. Seize the chance to secure solid rental income or position yourself for future appreciation in a thriving neighborhood.
1235 Normandy Dr, Miami Beach, FL, 33141
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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