Updated over 7 years ago on . Most recent reply
NOT ON MLS! Cheapest 4plex on Normady Isles!
Normandy Isles, Miami Beach, FL 33141 - $655,000
Contact me privately for complete address and additional information.
Cash Buyers or Private/Hard Money Only Please!
Square Footage - 3,000 sq ft
Floors - 1
Lot Size - 6,250 sq ft
Property Type - Multi Unit: 2x 1/1's & 2x 2/1's
NOT ON MLS! Cheapest fourplex available on highly sought after Normandy Isles. Fully rented for $4,700/mo. Leased through Aug/June/Oct 2016. 4 electric meters - tenants pay their own electric, landlord pays water. Doesn't need any work - turnkey investment.
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- 754-800-4743
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Most Popular Reply
I have to agree with @Chris Mora here. What's an investor got to do to get a "1% rule" in Miami?? Most of the "deals" around here won't support any kind of debt put on them. And honestly, as long as investors here are pricing for those "foreign investors looking to park cash" it is only going to keep our market (for investors) from improving. Besides, most of the foreign investors looking to park cash are dealing in the luxury space, not so much multifamily/income-producing.
I'd love to start seeing more investor-friendly pricing around Miami but unfortunately, I think greed will keep things overpriced as long as the "foreigners" are parking cash here.