Multifamily in 7124 Bay Dr Miami Beach for sale with MLS# A11924424
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
- Gross Scheduled Income:
- 150900
- Lease Term:
- 36 Months
- Tenant Pays:
- Electricity, Hvac Maintenance
- Lease Terms / Move In Requirements:
- 1–3 Year Lease
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multifamily
- MLS Number:
- A11924424
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- April 13, 2026 3:06 pm
- Built-Up Area:
- 4,732 Sqft
- Lot Area:
- 5,250 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Security:
- Smoke Detector(s), Security System
- Exterior:
- Security High Impact Doors
- Windows:
- Impact Glass, Impact glass, Impact Glass
- Air Conditioning System:
- Other
- Heating System:
- Other
- Storm Protection:
- Impact Glass, Impact-Resistant Doors
- Year Built:
- 1940
- Year Built Details:
- Resale
- Roof:
- Tile
- Number of Buildings:
- 7124
- Number of Units Total:
- 8
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Tile, Wood, Other, Hardwood
- Structure Type:
- Apartment, Multifamily
- Stories:
- 2
- Road Frontage Type:
- City Street
- Tax Annual Amount:
- $28,380.00
- Tax Year:
- 2024
- Maintenance Expense:
- $1,800.00
- Insurance Expense:
- $9,000.00
- Security Deposit Description:
- First Month Rent,Security Deposit
- Covered Spaces:
- 0
- Sewer:
- Other
- Electric:
- 110 Volts
- Water Source:
- Public
- Building Name:
- 7124 BAY DRIVE
- Senior Community:
- No
- Documents Available:
- Aerial, Ground Photo, Deed, Financials, Rent Rolls, Inventory, Lease, Ground Photo
- Listing Terms Considered by Seller:
- Cash, Conventional, Cryptocurrency
- Occupant Type:
- Call Agent
- Buyer Possession:
- Close Of Escrow, Closing And Funding
- Lease Considered:
- No
- 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
- Title to the property is held by owner as:
- Corporation
- Originally published on:
- December 23, 2025 12:47 am
- Active on the market since:
- December 3, 2025
- Price change occurred on:
- April 13, 2026 3:06 pm
- Listing Status Last Changed On:
- December 23, 2025 12:47 am
- Photos updated on:
- February 13, 2026 10:52 pm
- Last Modified:
- April 17, 2026 5:48 pm
- Property Description:
- 8 units Multi Family
- Flood Zone:
- AE
- Common Area Maint Includes:
- Exterior Electric, Lawn Care, Real Estate Tax, Trash Removal, Water
- 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
Want to schedule an in-person or virtual tour? Have questions?
Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question
Ver la propiedad 7124 Bay Dr
