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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

Features
Patio
5250
Address Map
FL
Miami-Dade County
Miami Beach
33141
7124 Bay Dr
OCEAN SIDE SEC-ISLE OF NO
W81° 52' 16.8''
N25° 51' 23.4''
OCEAN SIDE SEC-ISLE OF NO
MLS Addon
All Cash, Conventional, Fha-va Approved, Cryptocurrency
1
8
Water, Gardener, Sewer, Trash Collection
2
Quadruplex, Fourplex
$28,380
2025
Click Here
Municipal Water
4800
1
24/02/2026 03:26:16

7124 Bay Dr, Miami Beach, Florida 33141

$2,190,000
4,732 size sq.ft.
Listing ID #A11922740
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11922740
Price $2,190,000
Square Footage 4,732 Sqft
Year Built 1940
Days on Market 71
Building Area 4,732 Sqft
Status Active
Property SubType Quadruplex
On Market Date 07/01/2026
Elena Beck
MiamiInvestrealty
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