$2,650,000

About this property

EXTREMELY RARE OPPORTUNITY TO ACQUIRE TWO PRIME CONTIGUOUS PROPERTIES, EACH WITH A 4-PLEX, ONE BLOCK FROM THE BAY ON POSH, BURGEONING NORMANDY ISLE. CASH COW TURNKEY 8-UNITS IN TOTAL, ALL 1+1'S, FULLY RENTED AND PRODUCING. BOTH BUILDINGS HAVE NEW ROOFS AND 7 OF THE 8 UNITS ARE MODERN AND RENOVATED. KEEP THE PROPERTIES AS THEY ARE AND ENJOY THE RENTAL INCOME OR REDEVELOP IN THE FUTURE. THE LOTS SPAN 13,324 SQUARE FEET AND ARE A 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, ACROSS FROM 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.