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
Property Details
Price:
$2,140,000
MLS #:
A11924424
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Dec 3, 2025
Total Sq Ft:
4,732
Year Built:
1940
See this Listing
Schools
Interior
Cooling
Other
Flooring
Other, Tile, Wood
Heating
Other
Exterior
Construction Materials
CBS Construction
Roof
Tile Roof
Security Features
Smoke Detector(s), Security System
Stories
2
Window Features
Clear Impact Glass
Financial
Maintenance Fee
$1,800
Tax Year
2024
Taxes
$28,380
Map
Community
- Address7124 Bay Dr Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33141
Market Summary
Current real estate data for Commercial in Miami Beach as of Apr 22, 2026
129
Commercial Listed
192
Avg DOM
$3,413,132
Avg List Price
Property Summary
- 7124 Bay Dr Miami Beach FL is a Commercial for sale in Miami Beach, FL, 33141. It is listed for $2,140,000
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