4 months on rocket

1735 Normandy Dr, Miami Beach, FL, 33141

$1,800,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,603 SqFt
$500/SqFt
Multi
Schools Nearby

Location

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1735 Normandy Dr, Miami Beach$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1953
HeatingCentral
CoolingCentral Air
MLS #A11480360
StatusActive

About 1735 Normandy Dr

We are thrilled to present an exclusive opportunity for investors at 1735 Normandy Drive. Recently fully rehabilitated, these four apartments boast a fresh, modern appeal, making them an excellent investment choice. Key Features: Recent Full Rehab: Plumbing, electricity, appliances, and flooring have all been newly renovated to high-end quality. Building: This established building has stood the test of time, offering a solid foundation for investment. Great opportunity SELLER FINANCE UP TO 50%Fully Rented: The entire building has recently been leased out, generating a monthly income of $9,000It is rented 15/25% below market value. Pro forma calculated by Miami Beach Housing 2024 PRO FORMA $10,500. MONTHLY RENT

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1953
  • Stories: 1
  • Living Area: 3,603 SqFt

Listing Office:

  • Office Name: Mia MGMT Group, LLC.
  • Office Phone: (917) 593-4004
  • Listing Agent: Nicolas Vicente

Interior Features

Interior Information:

  • Flooring Type: Other

Virtual/3D Tour

  • Virtual Tour: 1735 Normandy Dr

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Miami Beach Senior High School, Public District Grades 9-12
  • Nautilus Middle School, Public District Grades 6-8
  • Treasure Island Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $500/SqFt

Tax Information:

  • Annual Amount: $11,166
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

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Miami Beach, FL

City

Med. Sold Price

$569.7K

Med. Price/SqFt

$574

Avg. Days On Market

85

# of Sold Homes

136

1735 Normandy Dr vs Miami Beach

138 DAYS ON ROCKET

+53 Days

$1,800,000

+$1.2M More

$500/SqFt

-$74 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $74/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11480360

Listing Office:

  • Office Name: Mia MGMT Group, LLC.
  • Office Phone: (917) 593-4004
  • Listing Agent: Nicolas Vicente

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 3:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$11,166$576,769
2018$10,345$550,161
2017$7,498$430,000

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4224780
7
/10

  • Treasure Island Elementary School

  • 7540 E Treasure Dr

  • 0.72 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4224781
5
/10

  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 2.54 miles

  • Public District Grades 6-8

High School

school-card-donut-4224782
5
/10

  • Miami Beach Senior High School

  • 2231 Prairie Ave

  • 3.69 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,000. Most Miami Beach, FL residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33141›1735 Normandy Dr

This home is located at 1735 Normandy Dr in Miami Beach, FL and zip code 33141 in the Normandy Isle neighborhood. This 3,603 square foot home was built in 1953. It has been listed on Rocket Homes since December 15, 2023 and is currently priced at $1,800,000.

In March 2024 more than 6 listings in Miami Beach, FL were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 118 were sold below. The number of listings in Miami Beach, FL increased by 8.6% between February 2024 and March 2024. In March 2024 median list price was $569,797 and the average listing age was 85 days.

From Rocket Homes Real Estate and based on county public records data.

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