Price Reduced 8.37%
Price History
$2,390,000
12/3/2025
$2,290,000
2/3/2026
$2,190,000
3/19/2026
7124 Bay Dr, Miami Beach, FL, 33141
1940
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
Status:
Active
Type:
Commercial
Units:
8
Zoning:
4800
Heating:
Other
Cooling:
Other
Est. Taxes:
$28,380
Construction
Block
Days on Market:
106
Lease Term Type:
36 Months
MLS #:
A11924424
Community Info
School Info
Walk Score
Yelp
Listing courtesy of ONE SOTHEBY'S INTERNATIONAL REALTY 305-935-0300