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Ocean Side Sec Isle Of No

$2,390,000

7124 Bay Dr, Miami Beach, FL 33141

Active
Last Updated: 01/08/2026

4,732 sqft

Building Size

1

Units

Details:
Building Size:    4,732 sqft
Units:    1
Year Built:    1940
Floors:    2
Parking Spots:    5,250
Gross Leaseable Area:    4,732
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Deposit - Last Months Rent, Deposit - Security, Equipment Lists, Copy Of Lease(S), Other Available Information, Rent Rolls, Existing Survey
  • Cooling: Ceiling Fan(s)
  • Heating: Central
  • Flooring: Other, Tile, Wood
  • Construction Materials: CBS Construction
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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