Exceptional Turnkey Investment Opportunity in Miami Beach!

Fully leased 8-unit multifamily property offering strong income potential and long-term upside. The building consists of four studio apartments and four 1-bedroom/1-bathroom units, all well maintained and positioned to benefit from future rental growth.

Property highlights include impact windows throughout, split A/C units in every apartment, full kitchens, updated bathrooms, and upgraded electrical and plumbing systems. The property has successfully completed its 40-Year Recertification, providing an additional benefit for investors.

This property presents a compelling opportunity to optimize rental income over time in one of Miami Beach’s most desirable and evolving neighborhoods. Located in Normandy Isles, the property is minutes from the beach, public transportation, shops, restaurants, and many of Miami’s most popular destinations.

The area benefits from strong rental demand and historically low vacancy. Normandy Isles continues to evolve from a traditionally quiet residential neighborhood into an increasingly vibrant and desirable community, with growing interest in new development, upscale residences, and investment opportunities.

A rare opportunity to acquire a stabilized, income-producing multifamily asset with future upside in Miami Beach.

Financial Information

• 8 units total: 4 one-bedroom/one-bath units and 4 efficiencies.

• All units are unfurnished and leased annually.

• Gross rental income: $150,900/year.

• Total operating expenses: approximately $50,000/year, including property taxes ($28,380), insurance ($9,000), utilities ($8,500), trash ($1,500), and maintenance/repairs ($1,800).

• Net Operating Income (NOI): approximately $100,000/year.

• Average gross income: $12,575/month.

• Average net operating income: approximately $8,333/month.

• Operating expense ratio: approximately 33.1%.

• Tenants pay interior electricity and A/C/heating maintenance.

• Owner covers water, trash, lawn care, exterior electricity, property taxes, insurance, and maintenance.

• The property has impact glass and high-impact doors.