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:
$2,390,000
MLS #:
A11922740
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OCEAN SIDE SEC-ISLE OF NO
Neighborhood:
oceansidesecisleofno
Listed Date:
Jan 7, 2026
Finished Sq Ft:
4,732
Total Sq Ft:
4,732
Year Built:
1940
Units:
8
See this Listing
Schools
Interior
Cooling
Ceiling Fan(s)
Flooring
Other, Tile, Wood
Heating
Central
Exterior
Construction Materials
CBS Construction
Parking Spots
5250
Roof
Shingle
Financial
Tax Year
2025
Taxes
$28,380
Map
Community
- Address7124 Bay Dr Miami Beach FL
- SubdivisionOCEAN SIDE SEC-ISLE OF NO
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33141
Market Summary
Current real estate data for Multi Family in Miami Beach as of Jan 16, 2026
56
Multi Family Listed
188
Avg DOM
2,050
Avg $ / SqFt
$3,014,584
Avg List Price
Property Summary
- Located in the OCEAN SIDE SEC-ISLE OF NO subdivision, 7124 Bay Dr Miami Beach FL is a Multi Family for sale in Miami Beach, FL, 33141. It is listed for $2,390,000
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