7124 Bay Dr, Miami Beach FL 33141

For sale Days on market 72

OCEAN SIDE SEC-ISLE OF NO [ Income/MultiFamily ]

$2,290,000

$100,000
Price Decreased

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Overview

Year Built

1940

5250 sqft

Property Type

Income/MultiFamily

Property Description

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

Property Details

MLS#

A11924424

Total Floor in Bldg

Building

OCEAN SIDE SEC-ISLE OF NO

Address

7124 Bay Dr

City

Miami Beach

State/county

Zip/Postal Code

33141

Area

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$28,380

Maint Fee

$1,800

Tax Year

2024

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