WorkspaceDiscoverMultifamily · Miami Beach · Miami-Dade County
1325 Normandy Dr, Miami Beach
MLS A11987175 is recorded as removed on October 6, 2026. The $600,000 is its last asking price. Prior research describes a two-unit offering with $1,750/month quoted for an unclear rental scope; retained for saved research.
Recorded status: Off-market / listing removed; research only. Checked: .
Workbook research; the listing has not been rechecked. Dated listing record · recheck availability and legal unit count.
- Asking price
- $600,000
Monthly rent · Scenario: Not reported
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | Not set | Needs your estimate |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 1.88% | Matches planning allowance |
| Annual insurance | $6,294 | Matches planning allowance |
| Annual owner-paid utilities | $2,400 | Matches planning allowance |
| Monthly HOA or condo fees | $100 | Matches planning allowance |
| Other annual operating expenses | $1,200 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
3BR/2BA total; unit split unconfirmed
- Reported units
- 2
- Reported listing area
- 1,534 sq ft
- Asking / reported sq ft
- $391
Broker info & key considerations To confirm
- The current portal serves a valuation view; its estimate, HOA and floor area are not adopted as sale-listing facts. Older active/pending snapshots conflict with the October 6 removal. No sale is inferred.
- The earlier $1,750/month claim does not establish income for both units. Legal offering scope, leases and rehabilitation costs remain unresolved.
Source evidence and diligence
Financial figures observed Sep 22, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.
Sources
- Zillow indexed history reviewed 8 Oct · A11987175 removed 6 Oct; financial observation retainedSource observation · Oct 8, 2026
- Listing page on zillow.comWorkbook observation · Sep 22, 2026
Questions to resolve
- Obtain unit leases, tenant estoppels and a trailing 12-month operating statement.
- Verify legal unit count, title, permitted work and possession terms.
- Obtain wind/flood insurance quotes and a buyer property-tax estimate.
- Inspect roof, structure and recertification records; price immediate work.
Similar properties
- 6326 NW 4th Ave, Miami: 4-unit multifamily, asking $595,000
- 6314 NW 4th Ave, Miami: 2-unit multifamily, asking $555,000
- 229-230 NW 48th Ct, Miami: 2-unit multifamily, asking $650,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods