7124 Bay Dr ,Free Standing, Income Non-waterfront en Venta & Alquilar

7124 Bay Dr en Venta & Alquilar

Precio $2,390,000.00

• Tamaño de lote 5250
• Año de construcción 1940
• Frente al agua
• Zip 33141
• Estilo
• Parking Descripción
• Piscina Yes
• Estado Active

Descripción

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

OCEAN SIDE OF ISLE OF NORMANDY PB 25-60 LOT 5 LESS S50FT BLK 3 LOT SIZE 63.330 X 75 OR 23582-2898 07 2005 2 (2) COC 26296-4755 03 2008 2

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

City:Miami Beach,Zoning:4800,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Flooring:1:Tile,2:Wood,Latitude:25.8565119,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:2390000,Listing Id:A11924424,Longitude:-80.1286691,Mls Status:Active,Ownership:Corporation,Year Built:1940,Inclusions:Building & Land, Equipment,Leases,Signs Included,Postal Code:33141,Street Name:Bay Dr,Tenant Pays:1:Electricity,Coordinates:1:25.8565119,Gross Income:150900,Photos Count:13,Building Name:7124 BAY DRIVE,Business Type:1:Residential-Multi-Family,Days On Market:35,Listing Terms:1:Conventional/Refinance,2:Cryptocurrency,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2025-12-03,Other Expense:8500,Parcel Number:02-32-10-013-0320,Property Type:Commercial Sale,Stories Total:2,Street Number:7124,Trash Expense:1500,Public Remarks: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,Approval Status:Approved,County Or Parish:Miami-Dade County,Expiration Date:2026-05-01,List Office Name:One Sotheby's International Realty,Standard Status:Active,Living Area Units:Square Feet,M I A M I R E_ Last Use:MULTI-FAMILY -8 UNITS,Major Change Type:New,New Taxes Expense:28380,Postal Code Plus4:5453,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:28380,Unparsed Address:7124 Bay Dr, Miami Beach FL 33141,Insurance Expense:9000,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Operating Expense:50000,Security Features:1:Security System,Year Built Details:Resale,Building Area Total:4732,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:5250,M I A M I R E_ Flood Zone:AE,M I A M I R E_ For Sale Y N:1,M I A M I R E_ Num Floors:2,M I A M I R E_ Num Meters:9,Number Of Buildings:7124,Original List Price:2390000,Public Survey Range:32,Documents Available:1:Deed,2:Financial Statement,3:Inventory,4:Copy Of Lease(S),5:Owner Managed,6:Photos,7:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,M I A M I R E_ Num Tenants:8,Maintenance Expense:1800,Net Operating Income:100000,Syndication Remarks: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,Listing Contract Date:2025-12-03,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:24 Hour Notice,Showing Assist,Street Number Numeric:7124,Tax Legal Description:OCEAN SIDE OF ISLE OF NORMANDY PB 25-60 LOT 5 LESS S50FT BLK 3 LOT SIZE 63.330 X 75 OR 23582-2898 07 2005 2 (2) COC 26296-4755 03 2008 2,Electric On Property Y N:1,Gross Scheduled Income:150900,M I A M I R E_ Current Price:2390000,M I A M I R E_ Milesto Beach:1,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:A rare opportunity that combines immediate cash flow + value-add upside in one of Miami beach's most attractive rental corridors.,M I A M I R E_ Parcel Number M L X:0320,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.856536$-80.128649$201.22$13.33$1.00$Mq7louydoeNscH0VRL85Rw,Contract Status Change Date:2025-12-03,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:13,M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Building Name Number:7124 BAY DRIVE,M I A M I R E_ Deposit Information:1:Security Deposit,M I A M I R E_ Agent Alternate Phone:786-267-7320,M I A M I R E_ Occupancy Percentage:100,M I A M I R E_ Property Description:8 units Multi Family,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:7124 Bay Dr,M I A M I R E_ Common Area Maint Includes:1:Lawn Care,2:Real Estate Tax,3:Trash Removal,4:Water,Internet Automated Valuation Display Y N:1,