7124 Bay Drive
$2,390,000
7124 Bay Dr, Miami Beach, FL 33141
100,000
NOI
4,732 sqft
Building Size
Details:
Highlights:
- Gross Income: 150900
- Number Of Buildings: 7124
- Documents Available: Aerial Photo(S), Deed, Financial Statement, Inventory, Copy Of Lease(S), Owner Managed, Photos, Rent Rolls
- Cooling: Other
- Heating: Other
- Electric: 110 Volts Power
- Flooring: Other, Tile, Wood
- Construction Materials: CBS Construction
- Security Features: Smoke Detector(s), Security System
- Insurance Expense: 9000
- Ownership: Corporation
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
Location
Gallery
