7124 Bay Drive, Miami Beach, FL 33141

$2,140,000
4,732
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$2,140,000
Days on Market
219
MLS#
A11922740
Year Built
1940
Living Area
4,732
MLS Area Major
2320

Property 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

Additional Information

Taxes
$28,380
Utilities
Cable Available
Heating
Central, Separate Meters
Air Conditioning
Ceiling Fan(s)
Exterior Construction
Block
Roof
Shingle
Elementary School
Treasure Island
Middle School
Miami Beach Nautilus
High School
Miami Beach

Listing courtesy of One Sotheby's International Realty.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks