Extremely rare opportunity to acquire two prime contiguous properties, each with a 4-plex, one block from the bay on posh, burgeoning normandy isle. Cash cow turnkey 8-units in total, all 1+1's, fully rented and producing. Both buildings have new roofs and 7 of the 8 units are modern and renovated. Keep the properties as they are and enjoy the rental income or redevelop in the future. The lots span 13,324 square feet and are a spectacular development opportunity to go vertical with a 5-story building with 18 or more units, parking and pool, depending on design configuration. Incredible location, just steps from the normandy isle park, the golf course, multi-million dollar waterfront homes, across from walgreens and just minutes to the beach, publix, and the mainland. This is a white whale investment, relentlessly sought and almost never found. Call listing broker for offer instructions.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.
| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Stars Learning Center | 2140 VERDUN DR | private | 25 | PK - 2 | 0.2 mi |
| Treasure Island Elementary School | 7540 E TREASURE DR | public | 399 | PK - 5 | 0.5 mi |
| Gan Katan | 7055 BONITA DR | private | 66 | PK - 4 | 1 mi |
| Happy Kids Private School | 7118 BYRON AVE | private | 9 | PK - 2 | 1.13 mi |
| Biscayne Beach Elementary School | 800 77TH ST | public | 578 | PK - 5 | 1.15 mi |
| Lehrman Community Day School | 727 77TH ST | private | 300 | PK - 5 | 1.22 mi |
| Mater Academy (miami Beach) | 8625 BYRON AVE | public | 614 | KG - 8 | 1.79 mi |
| Montessori Academy At St John's | 4760 PINE TREE DR | private | 17 | PK - 3 | 2.09 mi |
| Ruth K. Broad Bay Harbor K-8 Center | 1155 93RD ST | public | 1249 | PK - 8 | 2.4 mi |
| Phyllis R. Miller Elementary School | 840 NE 87TH ST | public | 503 | PK - 5 | 2.51 mi |
| Temple Beth Sholom Innovative School | 4144 CHASE AVE # 6 | private | 47 | PK - 4 | 2.52 mi |
| North Beach Elementary School | 4100 PRAIRIE AVE | public | 937 | PK - 5 | 2.55 mi |
| Archdiocese Of Miami Virtual Catholic School | 9401 BISCAYNE BLVD | private | 823 | PK - 12 | 2.59 mi |
| Tree Of Knowledge Learning Academy | 2220 NE 203RD TER | private | 125 | 4 - 12 | 2.67 mi |
| St Patrick School | 3700 GARDEN AVE | private | 297 | PK - 8 | 2.69 mi |
| Lanaar | 2225 NE 121ST ST | private | 84 | 1 - 4 | 2.74 mi |
| Tangerine Learning Center Llc | 7699 BISCAYNE BLVD | private | 21 | PK - 5 | 2.74 mi |
| The French American School Of Miami | 650 NE 88TH TER | private | 83 | PK - 5 | 2.75 mi |
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