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7124 Bay Dr Miami Beach, FL $ 2,290,000
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$ 2,290,000 Get more info
7124 Bay Dr
$ 2,290,000
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Share Save

7124 Bay Dr

Miami Beach, FL, 33141
$ 2,290,000
Bedrooms1 Baths-- Sq 4,732

Monthly Estimate*

$ 14,100

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Commercial Property for sale in Miami Beach, FL

for $2,290,000 with 1 bedroom. This 4,732 square foot building was built in 1940.

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

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Commercial Active

Price

$ 2,290,000

Bedrooms

1

Property Type

Commercial

Taxes

$ 28,380

Style

Year Built

1940

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11924424
Features
General
Sewer Other
Heating Other
Cooling Other
Possession Closing & Funding Close Of Escrow
Roof Tile
Security Features Security System Smoke Detector(s)
Construction Materials Block
Year Built 1940
Electric 110 Volts
Tenant Pays Electricity HVAC Maintenance
Stories Count 2
Levels Two
Property Subtype Multi Family
Tax Year 2024
Ownership Corporation
Gross Income 150900
Building Name 7124 BAY DRIVE
County Miami-Dade
Net Operating Income 100000
Operating Expense 50000
Insurance Expense 9000
Property Type Commercial Sale
MaintenanceExpense 1800
Full Baths 0
Status Active
City Miami Beach
Zoning Description 4800
Number Of Units Total 8
MLS Area 32
Lot Size Units Square Feet
Lot Size Square Feet 5250
Listing Terms Cash Conventional Cryptocurrency
Year Built Details Resale
Tax Annual Amount 28380
Trash Expense 1500
Ok to Lease 36 Months
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11924424
Structure Type Apartment Multi Family
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Multi Family
Legal Description 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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Interior
Flooring Hardwood Other Tile Wood
Window Features Impact Glass
Total Bedrooms 1
Total Baths 0
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Exterior
Exterior Amenities Security/High Impact Doors
Water Source Public
Lot Size Area 5250
Number of Buildings 7124
Building Area Total 4732
Waterfront Y/N false
Covered Spaces 0
Number of Separate Electric Meters 9
Road Frontage Type City Street
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* Excluded Features
List By
One Sotheby's International Realty

Broker

brigitte@brigittelina.com

Email

Affordability Calculator

$16,465
Per Month
86%
14%
0%
Monthly Principal & Interest
$14,100
Monthly Property Taxes
$2,365
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/3/2026$2,290,000 -4.18% Price Down
12/23/2025$2,390,000 Listed Price

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7124 Bay Dr, Miami Beach, FL, 33141 is a Commercial Property for sale at $2,290,000 with 4,732 sqft. 7124 Bay Dr has 1 bedroomsThe property's zip code is 33141 which is in Miami Beach, FL

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