7124 Bay Drive, Miami Beach, FL 33141
Listing Snapshot
| List Price | $2,140,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.12 acres |
| Year Built | 1940 |
| Property Tax | $28,380/yr |
| MLS # | 1149794758 |
| Status | Active |
| Days on Market | 211 |
About This Home
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
General Features
- Property Type
- CommercialSale
- Sub-type
- MultiFamily
- Stories
- 2
- Zoning
- 4800
- Security
- SecuritySystem,SmokeDetectors
- Utilities
- SewerAvailable
Interior Features
- Flooring
- Other,Tile,Wood
- Heating
- Other
- Cooling
- Other
Exterior Features
- Construction
- Block
- Roof
- Tile
- Lot Features
- LessThanQuarterAcre
Community Features
- MLS Area
- 2320
Map
Virtual Tour
View Virtual TourMLS# 1149794758 · BEACH
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Estimate Your Payment
20% down · Loan: $1,712,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.