7124 Bay Drive
$2,390,000
7124 Bay Dr, Miami Beach, FL 33141
For Sale
Multifamily
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.
Location
Gallery