Multifamily

1905 Calais Dr

1905 Calais Dr, Miami Beach, FL 33141

Listing Price: $2,600,000

Cap Rate
3.58%
Number of Units
8
GRM
16.41
Occupancy
98.0%
Price/Unit
$325,000
Price/Gross SF
$346.67
Gross SF
7,500

Investment Overview

Marcus & Millichap is pleased to offer 1905 Calais Drive is in the Normandy Isle area of Miami Beach, Florida. The property is made up of eight units. Four one-bed/one-bath of approximately 655 square feet and four and four two-bedroom/two-bath of approximately 1090 square feet. The two-story building was built in 1951 and sits on a 0.25 AC lot (11,205 Sqft).

Renovations have been done over the years including a new 75 feet dock, new railings, impact windows & doors as well as new AC unit in the One Bedrooms.

Normandy Isles is one of the most desirable rental markets in Miami-Dade County as North Beach will be experiencing a major redevelopment of hotels and premium retail. It is a coastal area so it is in close proximity to the ocean and is nestled along the eastern shore of the famous Biscayne Bay

Investment Highlights

  • Well Located Property on a Corner Site in the North Beach Area of Miami Beach.
  • On the Normandy Waterway
  • Unit mix : 4 one-bed/one-bath & 4 two-bed/two-bath
  • New dock, new railing, new impact windows & doors

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

Listing Price: $2,600,000

Cap Rate
3.58%
Number of Units
8
GRM
16.41
Occupancy
98.0%
Price/Unit
$325,000
Price/Gross SF
$346.67
Gross SF
7,500

Investment Highlights

  • Well Located Property on a Corner Site in the North Beach Area of Miami Beach.
  • On the Normandy Waterway
  • Unit mix : 4 one-bed/one-bath & 4 two-bed/two-bath
  • New dock, new railing, new impact windows & doors

Investment Overview

Marcus & Millichap is pleased to offer 1905 Calais Drive is in the Normandy Isle area of Miami Beach, Florida. The property is made up of eight units. Four one-bed/one-bath of approximately 655 square feet and four and four two-bedroom/two-bath of approximately 1090 square feet. The two-story building was built in 1951 and sits on a 0.25 AC lot (11,205 Sqft).

Renovations have been done over the years including a new 75 feet dock, new railings, impact windows & doors as well as new AC unit in the One Bedrooms.

Normandy Isles is one of the most desirable rental markets in Miami-Dade County as North Beach will be experiencing a major redevelopment of hotels and premium retail. It is a coastal area so it is in close proximity to the ocean and is nestled along the eastern shore of the famous Biscayne Bay

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

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