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 Beach’s 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.

Features
Swimming Pool
Heating System
Cooling System
Patio:
Patio
Architectural Style
Roof
Sewer
Address Map
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''
MLS Addon
Building Area:
4,732 Sqft
Construction Materials
Cumulative DOM:
185
DOM:
2
Exterior Features
Flooring
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
02-32-10-013-0320
Subdivision Name:
OCEAN SIDE SEC-ISLE OF NO
Tax Annual Amount:
$28,380
Utilities
Virtual Tour:
Click Here
Window Features:
Impact Glass

Residential Income For Sale

7124 Bay Dr, Miami Beach, Florida 33141, Miami Beach, Florida 33141

4,732 Sqft
$1,990,000
MLS # #A12112742
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$1,990,000
Square Footage :
4,732 Sqft
Year Built :
1940
MLS # :
A12112742
Agent info
Contact Agent