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Listed price in listed location currency (USD).
$1,990,000

000

MLS® A12112742

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 4732 sqft
Garage 
Taxes $28,380
Days Active 3
Lot Size 0 SF
Approx. Age 1940
Avg. Price Per Sqft $420
MLS® Number A12112742

Property Address: 7124 Bay Dr, MIAMI BEACH, FL, 33141-5453

Average square foot calculated using Size range provided by listing agent.

Description

PRIME MIAMI BEACH INVESTMENT OPPORTUNITY! FULLY LEASED 8-UNIT MULTIFAMILY WITH IMMEDIATE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL! Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential. Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained. Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete. THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value. Ideally situated minutes from Miami Beach's beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer. 8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.
MLS® NumberA12112742
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
Basement
Driveway
Garage Spaces
HeatElectric
A/CCeiling Fan(s)

Extras

Price History

Last Sold Price

$1,765,000$1.8M

Appreciation

--

Avg. Days Listed

161 days

Today, For Sale for $1,990,000

Aerial perspective of a multi-story building featu
For Sale · 2 days

$1,990,000

MLS® A12112742

2 days ago

Not Sold Yet

October 2026, For Sale for $1,990,000

Aerial perspective of a multi-story building featu
For Sale · 2 days

$1,990,000

MLS® A12112742

2 days ago

Not Sold Yet

June 2024, Sold for $1,765,000

Sold · 161 days

$1,765,000

MLS® A11512993

2 years ago

Sold on Jun 26, 2024

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