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7124 Bay Dr , Miami Beach, FL 33141

$1,990,000
  • 7124 Bay Dr , Miami Beach, FL 33141 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET4,732 MLS#A12112742
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONOCEAN SIDE SEC-ISLE OF NOISLE OF NORMANDY

Property Description

PRIME MIAMI BEACH INVESTMENT OPPORTUNITY! FULLY LEASED 8-UNIT MULTIFAMILY WITH IMMEDIATE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL!Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential.Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained.Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete.THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value.Ideally situated minutes from Miami Beachs beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer.8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.

7124 Bay Dr | MLS# A12112742

This multi-family property located at 7124 Bay Dr , Miami Beach, FL 33141 is currently listed for sale with an asking price of $1,990,000. Search Miami Beach real estate on www.realty100.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s)
Heating: Electric
Roof Type: Shingle
Stories: 2.0
Taxes: $28,380
Year Built: 1940

Amenities

Stairs

Feature Descriptions

Crops Included Y/N: No
Days on Site: 3
Door Features: High Impact Doors
Exterior: CBS Construction
Flooring: Tile, Wood
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional, Cryptocurrency
Lot: Less Than 1/4 Acre Lot
Parcel#: 02-32-10-013-0320
Patio/Porch: Patio
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Units: 8
Water: Municipal Water
Window: Clear Impact Glass

Listed By / Shown By

Listed By

Agency Name: One Sotheby's International Realty
Agency Phone: 305-935-0300

Shown By

Agency Title: Realty 100
Agency Phone: 954-859-2100

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Estimated Payment

$ 7,374.29 per month $4,428.88 Principal & Interest $2,365.00 Property Tax $580.42 Homeowner's Insurance

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