Miami Beach, FL 33141 7124 Bay Dr
$2,140,000
23 more
Presented By: This listing is courtesy of One Sotheby's International Realty
Beds • 8
Baths • 8
SQFT • 4,732
Home Details
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
Presented By: This listing is courtesy of One Sotheby's International Realty
Interior Features for 7124 Bay Dr
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths0
Total Baths
Other Interior Features
FlooringHardwood, Other, Tile, Wood
Heating Y/NYes
General for 7124 Bay Dr
Architectural StyleFourplex
CityMiami Beach
Construction MaterialsBlock
CoolingCeilingFans
CountyMiami-Dade
Full Baths8
HeatingCentral
Legal DescriptionOCEAN SIDE OF ISLE OF NORMANDY PB 25-60 LOT 5 LESS S50FT BLK 3 LOT SIZE 63.330 X 75 OR 23582-2898 07 2005 2 (2) COC 26296-4755 03 2008 2
LevelsTwo
Listing TermsCash, Conventional, Cryptocurrency, FHA, VaLoan
Lot Size UnitsSquareFeet
MLS Area32
Number Of Units Total8
Occupancy TypeTenant
Patio/Porch FeaturesPatio
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityMiami Beach
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent IncludesGardener, Sewer, TrashCollection, Water
RoofShingle
SewerPublicSewer
Special Listing ConditionsListedAsIs
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameOCEAN SIDE SEC-ISLE OF NO
Tax Annual Amount28380
Tax Year2025
UtilitiesCableAvailable
Virtual TourClick here
Year Built1940
Year Built DetailsEffective Year Built
Zoning Description4800
Exterior for 7124 Bay Dr
Building Area Total4732
Covered Spaces
Exterior AmenitiesSecurityHighImpactDoors, Patio
Lot FeaturesLessThanQuarterAcre
Total Parking5250
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Nazha Saade
Realtor®
