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$1,990,000
New Listing

7124 Bay Dr
Miami Beach, FL 33141

For Sale|Quadruplex|Active
0
Beds
0
Total Baths
4,732
SqFt
$421
/SqFt
1940
Built
Subdivision:
OCEAN SIDE SEC-ISLE OF NO
County:
Miami-Dade

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786-715-8190
7124 Bay Dr7124 Bay Dr7124 Bay Dr7124 Bay Dr
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PRIME MIAMI BEACH INVESTMENT OPPORTUNITY! FULLY LEASED 8-UNIT MULTIFAMILY WITH IMMEDIATE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL! Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential. Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained. Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete. THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value. Ideally situated minutes from Miami Beach's beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer. 8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.

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Listing Snapshot
Price 
$1,990,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,732 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1940
MLS Number 
A12112742
Status 
Active
Property Tax 
$28,380
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
17 hours agoListing first seen on site
17 hours agoListing updated with changes from the MLS
General Features
Levels 
Two
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
SqFt Total 
4732
Style 
Fourplex
Utilities 
Cable Available
Water Source 
Public
Zoning 
4800
Interior Features
Cooling 
Ceiling Fan(s)
Flooring 
HardwoodTileWood
Heating 
Electric
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Exterior Features
Construction Details 
BlockConcrete
Patio And Porch 
Patio
Pool Features 
None
Roof 
Shingle
Community Features
MLS Area 
32
Financing Terms Available 
CashConventional
Listing courtesy of One Sotheby's International Realty

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Neighborhood & Commute
Source: Walkscore
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