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7124 Bay Dr, Miami Beach, FL
Offering:
For Sale
Location:
Miami Beach, FL 33141
Status:
Active
$2,140,000
Details
Year built:
1940
Lot size:
5,250 sq ft
Levels:
Two
Stories:
2
Days on market:
181
Annual tax (2024):
$28,380
Type:
Multi-family
MLS ID
A11924424
Virtual tour:
Listed by:
One Sotheby's International Realty (OSIR22)
Listing office phone:
Listing office email:
Listing agent:
Brigitte Lina (3179748)
Features
Utilities
Water source:
Public
Sewer:
Other
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
Price history
$2,390,000 → $2,140,000
·
Reduced by
$250,000 (10.5%) · 4 price changes
Location
7124 Bay DrMiami Beach, FL 33141
MLS information
Last updated Aug 12, 2026
Deemed reliable but not guaranteed.
IDX information is provided exclusively for 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.
