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
- Heating System
- Cooling System
- Security
- Roof:
- Tile
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33141
- Street:
- 7124 Bay Dr, Miami Beach, Florida 33141
- Longitude:
- W81° 52' 16.8''
- Latitude:
- N25° 51' 23.4''
- Building Area:
- 4,732 Sqft
- Building Name:
- 7124 BAY DRIVE
- Construction Materials:
- Block
- Cumulative DOM:
- 106
- DOM:
- 106
- Electric
- Exterior Features
- Flooring:
- Wood, Tile, Hardwood, Other
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- 36 Months
- Listing Terms:
- Cash, Conventional, Cryptocurrency
- Maintenance Expense:
- $1,800
- Parcel Number:
- 02-32-10-013-0320
- Structure Type:
- Apartment, Multi Family
- Tax Annual Amount:
- $28,380
- Tax Year:
- 2024
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass
Commercial Sale For Sale
7124 Bay Dr, Miami Beach, Florida 33141, Miami Beach, Florida 33141
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,190,000
- Year Built :
- 1940
- Lot Area :
- 5,250 Sqft
- MLS # :
- A11924424
- Property Sub Type :
- Multi Family
