7124 Bay Drive
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
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Central, SeparateMeters Has Cooling: Yes Cooling: CeilingFans
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Building Information
Year Built: 1940Building Area Total: 4732Construction Materials: BlockPatio And Porch Features: PatioPrivate Pool: No -
Exterior Features
Exterior Features: OutdoorLivingArea
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Listing Price Information
Listing Price: $2140000Original Price: $2390000Cash, Conventional, Cryptocurrency, FHA, VaLoan
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Tax Information
Parcel Number: 0232100130320 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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School Information
Elementary School: Treasure Island Junior High School: Miami Beach Nautilus Senior High School: Miami Beach -
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 |
|---|---|---|---|---|---|
| 7435 Byron Ave, Miami Beach, FL, 33141 | $3,250,000 | -- | -- | 7,865 | 7,865 SqFt |
| 800 83rd St, Miami Beach, FL, 33141 | $1,287,500 | -- | -- | 3,428 | 3,428 SqFt |
| 903 80th St, Miami Beach, FL, 33141 | $1,360,000 | -- | -- | 2,685 | 2,685 SqFt |
| 8031 Hawthorne Ave, Miami Beach, FL, 33141 | $1,650,000 | 8 | 4 | 4,429 | 4,429 SqFt |
| 730 84th St, Miami Beach, FL, 33141 | $1,250,000 | 5 | 5 | 2,464 | 2,464 SqFt |
| Residentialincome, Miami Beach, FL, 33141 | $1,549,000 | 7 | 4 | 3,498 | 3,498 SqFt |
| 1975 Calais Dr, Miami Beach, FL, 33141 | $17,700,000 | 3 | 3 | 26,336 | 26,336 SqFt |
| 1765 Normandy Dr, Miami Beach, FL, 33141 | $1,399,000 | -- | -- | 3,024 | 3,024 SqFt |
| 1915 Normandy Dr, Miami Beach, FL, 33141 | $870,000 | 15 | 15 | -- | |
| 7820 Harding Ave, Miami Beach, FL, 33141 | $1,750,000 | 3 | 4 | 3,304 | 3,304 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/20/2026 @ 04:37
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