Quadruplex in 7124 Bay Dr Miami Beach for sale with MLS# A11922740
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
7124 Bay Dr, Miami Beach, FL 33141
- Price:
- $2,140,000.00
- Previous Asking Price:
- $2,190,000.00
- Original List Price:
- $2,390,000.00
- Rent Includes:
- Sewer, Trash Collection, Water, Gardener
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Listed As Is
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- MLS Number:
- A11922740
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- April 13, 2026 3:06 pm
- Living Area:
- 4,732 Sqft
- Built-Up Area:
- 4,732 Sqft
- Lot Size Unit:
- Square Feet
- Lot Features:
- Less Than Quarter Acre
- Waterfront:
- No
- Exterior:
- Patio, Security High Impact Doors
- Patio and Porch:
- Patio
- Air Conditioning System:
- Ceiling Fan(s)
- Heating
- Heating System:
- Central
- Year Built:
- 1940
- Year Built Details:
- Effective Year Built
- Roof:
- Shingle
- Architectural Style:
- Fourplex
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Tile, Wood, Other, Hardwood
- Stories:
- 2
- Tax Annual Amount:
- $28,380.00
- Tax Year:
- 2025
- Property Tax Status:
- Tax Reflects No Exemptions
- Parking Total Spaces:
- 5250
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available
- Water Source:
- Public
- Subdivision Name:
- OCEAN SIDE SEC-ISLE OF NO
- Senior Community:
- No
- Documents Available:
- Other, Rent Rolls, Survey, Lease
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, VA Loan, Cryptocurrency
- Occupant Type:
- Tenant
- Buyer Possession:
- Closing And Funding
- Tax Legal Description:
- OCEAN 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
- Real Estate Folio Number (Parcel Number):
- 02-32-10-013-0320
- Zoning Description:
- 4800
- Originally published on:
- January 7, 2026 12:50 pm
- Active on the market since:
- January 7, 2026
- Price change occurred on:
- April 13, 2026 3:06 pm
- Listing Status Last Changed On:
- January 7, 2026 12:50 pm
- Photos updated on:
- February 24, 2026 3:43 am
- Last Modified:
- April 17, 2026 5:49 pm
- Flood Zone:
- AE
- Type of Association:
- None
- Style:
- Fourplex
- Municipal Code:
- 2
- Subdivision Number:
- 13
- Courtesy of:
- One Sotheby's International Realty
- Attribution:
- Not provided
- Street Name:
- Bay Dr
- Street Number:
- 7124
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33141
- County:
- Miami-Dade
- Latitude:
- N25° 51' 23.4''
- Longitude:
- W81° 52' 16.8''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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