7124 Bay Dr
Miami Beach, FL 33141
8
Bed
8
Bath
4,732Sqft
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 q
Property Details
Map
Map
Features
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Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Central Cooling: CeilingFans
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Building Information
Year Built: 1940Building Area Total: 4732Construction Materials: BlockStories: 2Patio And Porch Features: PatioPool Features: NonePrivate Pool: No -
Exterior Features
Exterior Features: SecurityHighImpactDoors, Patio
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Lot Information
Lot Description: LessThanQuarterAcreProperty Information
Subdivision: OCEAN SIDE SEC-ISLE OF NO Source Property Type: ResidentialIncome Postal Code Plus 4: 5453 Zoning Description: 4800 Property SubType: Quadruplex Levels: Two Property Age: 86
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Listing Price Information
Listing Price: $2140000Original Price: $2390000Cash, Conventional, Cryptocurrency, FHA, VaLoan
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Tax Information
Parcel Number: 02-32-10-013-0320 Tax Year: 2025 Annual Tax: $28380 Tax Legal Desc: 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
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Parking Information
Parking Total: 5250
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Utility Information
CableAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1910 AND 1920 Biarritz Dr, Miami Beach, FL, 33141 | $2,650,000 | 8 | 8 | 5,764 | 5,764 SqFt |
| 8109 Harding Avenue, Miami Beach, FL, 33141 | $2,690,000 | 4 | 4 | 1,784 | 1,784 SqFt |
| 7435 Byron Avenue, Miami Beach, FL, 33141 | $3,250,000 | -- | -- | 7,865 | 7,865 SqFt |
| 7830 Abbott Ave, Miami Beach, FL, 33141 | $8,499,000 | 32 | 25 | 19,155 | 19,155 SqFt |
| 535 73rd St, Miami Beach, FL, 33141 | $2,250,000 | 1 | 1 | 5,450 | 5,450 SqFt |
| 7630 Byron Avenue, Miami Beach, FL, 33141 | $1,575,000 | -- | -- | 3,400 | 3,400 SqFt |
| 611 74th St, Miami Beach, FL, 33141 | $1,425,000 | 8 | 4 | 3,616 | 3,616 SqFt |
| 8135 Crespi Boulevard, Miami Beach, FL, 33141 | $1,630,000 | -- | -- | 3,510 | 3,510 SqFt |
| 7610 Dickens Avenue, Miami Beach, FL, 33141 | $1,600,000 | 6 | 4 | 3,655 | 3,655 SqFt |
| 642 86th Street, Miami Beach, FL, 33141 | $720,000 | 2 | 2 | 1,080 | 1,080 SqFt |
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ByOwner last updated this listing 08/17/2026 @ 19:49
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