7124 Bay Dr, Miami Beach, FL 33141
7124 Bay Dr, Miami Beach, FL 33141
7124 Bay Dr, Miami Beach, FL 33141
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$2,140,000
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4,732 SqFt
Price Dropped by $50K

7124 Bay Dr Miami Beach, FL 33141

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Eric Christopher Davis

Eric Christopher Davis

+1(305) 720-8337

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,732 sqft

Price per Sqft $452

MLS Listing ID A11924424

Maintenance Fees $1,800

HOA Y/N No

Year Built 1940

Annual Tax Amount $28,380

Tax Year 2024

Lot Size 5,250 Sqft

Property Sub-Type Multi Family

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

Location

State FL

County Miami-dade

Area 32

Interior

Heating Other

Cooling Other

Flooring Hardwood, Other, Tile, Wood

Window Features Impact Glass

Exterior

Exterior Feature Security/High Impact Doors

Roof Type Tile

Private Pool Yes

Building

Story 2

Sewer Other

Water Public

Level or Stories Two

Structure Type Block

Others

Tax ID 02-32-10-013-0320

Ownership Corporation

Security Features Security System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Cryptocurrency

Listing Terms Cash, Conventional, Cryptocurrency

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11924424

Miami Association of Realtors (SEFMIAMI MLS)
Listed by One Sotheby's International Realty

NEARBY SCHOOL & BUSINESS

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Eric Christopher Davis

Eric Christopher Davis

Global Real Estate Advisor | License ID: 3449765

+1(305) 720-8337

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7124 Bay Dr