7124 Bay Dr, Miami Beach FL 33141

About This Property

Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A11924424

Building Area

4,732 SF

Lot Size

5,250 SF

Year Built

1940

Zoning

4800

Net Operating Income

$100,000

Days on Market

181

Price

$2,140,000