Skip to main content

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

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

MM Texture Background
MM Textured Background Lower