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7124 Bay Drive

$2,390,000

7124 Bay Dr, Miami Beach, FL 33141

Active
Last Updated: 12/24/2025

4,732 sqft

Building Size

8

Units

Details:
Building Size:    4,732 sqft
Units:    8
Year Built:    1940
Floors:    2
Highlights:
  • 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 Turkey Investment Opportunity in Miami Beach. Fully leased 8-unit multifamily property offering strong income and long-term upside. The building consists of 4 studios and 4x1bed/1bath, all well-maintained.
Property highlights include: impact windows throughout, independent split A/C units in every apartment, full kitchens and updated bathrooms, upgraded electrical and plumbing systems, and several refreshed units with rent-increase potential. Located in the highly desirable Normandy Isles neighborhood, minutes to the beach, shops, restaurants, and major Miami destinations.
High rental demand and low vacancy area.

Map:
Location
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