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7124 Bay Dr

Miami Beach, FL 33141
  • $2,390,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: A11924424
UPDATED: 43 min ago
$2,390,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1940
County:

School Ratings & Info

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

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Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-01-21T06:53:53.177.
www.welovesouthflorida.com/homes/171551582
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7124 Bay Dr Miami Beach, FL 33141

  • Price: $2,390,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 43 min ago
  • MLS #: A11924424
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1940
Built
County:
Miami-Dade
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
Exterior Features

Construction Materials CBS Construction Inclusions Building & LandEquipmentLeasesSigns Included Pool Private YN No Road Frontage Type City Street Roof Tile Roof View YN No Waterfront YN No

Interior Features

Building Area Total 4732 Cooling Other Flooring OtherTileWood Heating Other Heating YN Yes Stories 2 Window Features Clear Impact Glass

Property Features

Association YN No Building Name 7124 BAY DRIVE Business Type ApartmentsResidential-Multi-Family Cooling YN Yes Documents Available Aerial Photo(S)DeedFinancial StatementInventoryCopy Of Lease(S)Owner ManagedPhotosRent Rolls Electric 110 Volts Power Horse YN No Insurance Expense 9000 Land Lease YN No Lease Considered YN Yes Lease Term 1 To 3 Year Lease Listing Terms All CashConventional/RefinanceCryptocurrency Maintenance Expense 1800 New Construction YN No Ownership Corporation Property Sub Type Income/MultiFamily Public Survey Section 10 Security Features Smoke Detector(s)Security System Sewer Other Special Listing Conditions Sale Structure Type Free Standing Tax Annual Amount 28380 Tax Year 2024 Tenant Pays A/C & Heating MaintenanceElectricity Water Source Public Year Built Details Resale Zoning 4800

Listing courtesy of One Sotheby's International Realty: .


Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-01-21T06:53:53.177.
 
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The Agency Fort Lauderdale West
9640 Stirling Rd, Suite 108
Cooper City FL, 33024