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6955 Rue Vendome, Miami Beach FL 33141

$ 2,050,000
6955 Rue Vendome, Miami Beach FL 33141, ,
Active

Description

6-unit MF property in Normandy Isle’s highest demand district central to City’s master plan. Covered land play steps from Normandy’s iconic fountain/monument, retail corridor and 71st street access to North Beach. 2nd option- add 3 units to existing (+$65K to GI).

Redevelopment- 1.25 FAR allows 8,915 SF (existing 3,552 SF RSF footprint) vertical 55 feet w/45% lot coverage; RM-1 density 9.79 units (+3). Exponential cash on cash return + yield on capital growth + positive cash flows ($132K GI) through shovel-ready.

Owner CAPEX (2020)- Plumbing/Sewer, Irrigation/landscaping, (coin) W/D Room, Stucco/Exterior (2019/2022), Kitchens/Baths/Floors, rooftop central A/C, roof (2014) & 6 FPL meters.

5 Parking Spaces + city lots (rear)

**DO NOT DISTURB TENANTS-PROPERTY UNDER SURVEILLANCE**

Overview

Address: 6955 Rue Vendome, Miami Beach FL 33141
State/County:
Zip: 33141
Country: United States
Open In Google Maps
Property Id : 121175
Price: $ 2,050,000
Property Size: 3,552 ft2
Other Features
Balcony
Barbeque
Built-In Grill
Can Raise Horses
Electrical Utility Available
Elevator
Exterior Cat Walk
Exterior Lights
First Floor Entry
Fruit Trees
Has a View
Has Cooling System
Has Heating System
Has Waterfront
Home Owners Association
Interior Hall
New Construction
Open Balcony
Open Parking
Other
Other Equipment/Appliances
Outdoor Shower
Property Attached
Room For Pool
Spa
Stairs

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Andrey Rossin
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