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7124 Bay Dr , Miami Beach, FL 33141

$1,990,000
  • 7124 Bay Dr , Miami Beach, FL 33141 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET4,732 MLS#A12112742
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONOCEAN SIDE SEC-ISLE OF NOISLE OF NORMANDY

Property Description

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 Beachs beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer.8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.

7124 Bay Dr | MLS# A12112742

This multi-family property located at 7124 Bay Dr , Miami Beach, FL 33141 is currently listed for sale with an asking price of $1,990,000. Search Miami Beach real estate on mdilenge.realty100.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s)
Heating: Electric
Roof Type: Shingle
Stories: 2.0
Taxes: $28,380
Year Built: 1940

Amenities

Stairs

Feature Descriptions

Crops Included Y/N: No
Door Features: High Impact Doors
Exterior: CBS Construction
Flooring: Tile, Wood
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional, Cryptocurrency
Lot: Less Than 1/4 Acre Lot
Parcel#: 02-32-10-013-0320
Patio/Porch: Patio
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Units: 8
Water: Municipal Water
Window: Clear Impact Glass

Listed By / Shown By

Listed By

Agency Name: One Sotheby's International Realty
Agency Phone: 305-935-0300

Shown By

Agent Name: Michael Dilenge
Agent Phone: Cell: (954) 592-4005
Agency Title: Realty 100

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Estimated Payment

$ 7,374.29 per month $4,428.88 Principal & Interest $2,365.00 Property Tax $580.42 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/31/2026. The listing information on this page last changed on 10/31/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 10/31/2026 12:00:05 AM EST) or Miami MLS (last updated Fri 10/30/2026 11:49:08 PM EST) or Stellar MLS (last updated Fri 10/30/2026 11:54:56 PM EST) or Beaches MLS (last updated Fri 10/30/2026 11:57:49 PM EST). Real estate listings held by brokerage firms other than Realty 100 may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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