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Property profile

1910 Biarritz Dr Miami Beach, FL 33141

Quadplexes
Property ID
US18-0276656
View Sample
Built 1948

Property summary

AI-generated overview

EXTREMELY RARE OPPORTUNITY TO ACQUIRE TWO PRIME CONTIGUOUS LOTS, ONE BLOCK FROM THE BAY ON POSH, BURGEONING NORMANDY ISLE. TOGETHER, THE LOTS SPAN 13,324 SQUARE FEET AND EACH HAS A TURNKEY 4-PLEX ON IT (8-UNITS TOTAL, ALL 1 BED/1 BATH). SPECTACULAR DEVELOPMENT OPPORTUNITY TO GO VERTICAL WITH A 5-STORY BUILDING WITH 18 OR MORE UNITS, PARKING AND POOL, DEPENDING ON DESIGN CONFIGURATION. INCREDIBLE LOCATION, JUST STEPS FROM THE NORMANDY ISLE PARK, THE GOLF COURSE, MULTI-MILLION DOLLAR WATERFRONT HOMES, WALGREENS AND JUST MINUTES TO THE BEACH, PUBLIX, AND THE MAINLAND. THIS IS A WHITE WHALE INVESTMENT, RELENTLESSLY SOUGHT AND ALMOST NEVER FOUND. CALL LISTING BROKER FOR OFFER INSTRUCTIONS.

Property profile

Verified
Property type Quadplexes
Year built 1948
UPID US18-0276656

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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