7124 Bay Dr, Miami Beach, FL 33141

Miami Beach
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
7124 Bay Dr,Miami Beach, FL 33141
$1,990,000
  • - Beds
  • - Baths
  • 4,732 sq. ft.
  • Multi-family
  • Active
Listed by: brigitte lina
Office: one sotheby's international realty305-935-0300
MLS#:A12112742
Source:SEFMLS

Price summary

  • Price:$1,990,000
  • Price per sq. ft.:$420.54

About this home

PRIME MIAMI BEACH INVESTMENT OPPORTUNITY! FULLY LEASED 8-UNIT MULTIFAMILY WITH IMMEDIATE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL! Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential. Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained. Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete. THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value. Ideally situated minutes from Miami Beach's...

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Home facts

  • Year built:1940
  • Subdivision & Development:OCEAN SIDE SEC-ISLE OF NO
  • Listing ID #:A12112742
  • Updated:October 31, 2026 at 03:04 AM

Rooms and interior

  • Flooring:Hardwood, Tile, Wood
  • Living area:4,732 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1940
  • Building area:4,732 sq. ft.
  • Lot Features:Flood Zone
  • Architectural Style:Fourplex
  • Construction Materials:Block
  • Exterior Features:Patio, Security High Impact Doors
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,990,000
  • Price per sq. ft.:$420.54
  • Tax amount:$28,380 (2025)

Features and amenities

  • Amenities:Impact Glass Windows
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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