• 1200 Marseille Dr, Miami Beach, FL 33141

For Sale

Multi-Family

For Sale

This property is available for sale
0.31
Acres
$2,395,000
Sale Price
  • Year Built
    1955
  • Total Building Size
    11,703 RSF
  • Overview

    Normandy Isle is a thriving residential and retail neighborhood of Miami Beach. Primarily consisting of single and multifamily buildings, the Isle is a highly desirable residential market with low vacancy rates and high barriers to entry. The Normandy Isle submarket offers all the benefits of Miami Beach lifestyle but with greater appeal to families and young professionals that want a higher quality of life. The location offers convenient access to both the City of Miami via the 79th Street Causeway and the heart of North Beach Town Center and the Beach. Normandy Drive and 71st Street are home to a charming retail and entertainment corridor, with popular local restaurants like Rouge and Vacas Gordas, as well as weekly local Farmer's Markets. DWNTWN Realty Advisors is pleased to present 1200 Marseille Drive for sale, a 12-unit multifamily apartment building in Normandy Isle, Miami Beach. 1200 Marseille Drive is an opportunity to acquire a Miami Beach multifamily building in fantastic condition, with over-sized units that represent significant rent growth potential and investment appreciation. This 2-story garden style apartment building is comprised of eight large 2/2's and four 1/1's. The subject property sits on a double lot with a landscaped interior courtyard. The building has been maintained in great condition, completing its 40-year recertification in 2018, upgrading the walkway railings as required by Miami Beach, and replacing the roof in 2014.

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Property Details

Normandy Isle is a thriving residential and retail neighborhood of Miami Beach. Primarily consisting of single and multifamily buildings, the Isle is a highly desirable residential market with low vacancy rates and high barriers to entry. The Normandy Isle submarket offers all the benefits of Miami Beach lifestyle but with greater appeal to families and young professionals that want a higher quality of life. The location offers convenient access to both the City of Miami via the 79th Street Causeway and the heart of North Beach Town Center and the Beach. Normandy Drive and 71st Street are home to a charming retail and entertainment corridor, with popular local restaurants like Rouge and Vacas Gordas, as well as weekly local Farmer's Markets. DWNTWN Realty Advisors is pleased to present 1200 Marseille Drive for sale, a 12-unit multifamily apartment building in Normandy Isle, Miami Beach. 1200 Marseille Drive is an opportunity to acquire a Miami Beach multifamily building in fantastic condition, with over-sized units that represent significant rent growth potential and investment appreciation. This 2-story garden style apartment building is comprised of eight large 2/2's and four 1/1's. The subject property sits on a double lot with a landscaped interior courtyard. The building has been maintained in great condition, completing its 40-year recertification in 2018, upgrading the walkway railings as required by Miami Beach, and replacing the roof in 2014.

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    1955
  • Sale Price
    $2,395,000
  • Total Building Size
    11,703RSF
  • Total Acres
    0.31
  • Sale Status
    Available
  • Last updated
    Nov 20, 2019
  • Property ID
    2102411

Landlord's Sales Representative

  • Skyler Marinoff