7124 Bay Dr Miami Beach FL 33141 | MLS #A12112742
7124 Bay Dr
Miami Beach, FL, 33141
$1,990,000
Beds
0 Baths
4,732 SqFt
0 Acres
$1,990,000
7124 Bay Dr
Miami Beach, FL, 33141
MLS #A12112742 image #0MLS #A12112742 image #1MLS #A12112742 image #2MLS #A12112742 image #3MLS #A12112742 image #4MLS #A12112742 image #5MLS #A12112742 image #6MLS #A12112742 image #7MLS #A12112742 image #8MLS #A12112742 image #9MLS #A12112742 image #10MLS #A12112742 image #11MLS #A12112742 image #12MLS #A12112742 image #13MLS #A12112742 image #14MLS #A12112742 image #15MLS #A12112742 image #16MLS #A12112742 image #17MLS #A12112742 image #18MLS #A12112742 image #19MLS #A12112742 image #20MLS #A12112742 image #21
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 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.

Property Details

Price:
$1,990,000
MLS #:
A12112742
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OCEAN SIDE SEC-ISLE OF NOISLE OF NORMANDY
Neighborhood:
oceansidesecisleofno
Listed Date:
Oct 30, 2026
Finished Sq Ft:
4,732
Total Sq Ft:
4,732
Year Built:
1940
Units:
8
Ocean Side Sec-isle Of NoOceansidesecisleofnoOcean Side Sec-isle Of Noisle Of Normandy

Schools

Interior

Cooling
Ceiling Fan(s)
Flooring
Tile, Wood
Heating
Electric
Interior Features
Stairs

Exterior

Construction Materials
CBS Construction
Lot Features
Less Than 1/4 Acre Lot
Patio And Porch Features
Patio
Roof
Shingle
Stories
2
Window Features
Clear Impact Glass

Financial

Tax Year
2025
Taxes
$28,380
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Mortgage Calculator

 

Map

Current real estate data for Multi Family in Miami Beach as of Nov 04, 2026
44
Multi Family Listed
214
Avg DOM
786
Avg $ / SqFt
$3,179,430
Avg List Price

Community

Subdivisions in Miami Beach

Similar Listings Nearby

broker reciprocity
MLS# A12029398broker reciprocity
5445 Collins Avenue
Miami Beach, FL

$2,400,000

1.6 miles away

broker reciprocity
MLS# A12109495broker reciprocity
7751 Hawthorne Ave
Miami Beach, FL

$2,275,000

0.4 miles away

broker reciprocity
MLS# A11987767broker reciprocity
1791 Marseille Dr
Miami Beach, FL

$1,810,000

0.7 miles away

broker reciprocity
MLS# A12039498broker reciprocity
2120 Biarritz Dr
Miami Beach, FL

$1,700,000

1.0 miles away

broker reciprocity
MLS# A12102964broker reciprocity
1730 Marseille Dr
Miami Beach, FL

$1,650,000

0.7 miles away

broker reciprocity
MLS# A12092788broker reciprocity
7610 Dickens Ave
Miami Beach, FL

$1,600,000

0.4 miles away

broker reciprocity
MLS# A12018339broker reciprocity
7630 Byron Ave
Miami Beach, FL

$1,574,000

0.5 miles away

broker reciprocity
MLS# A11923537broker reciprocity
851 80th St
Miami Beach, FL

$1,400,000

0.7 miles away

broker reciprocity
MLS# A12052782broker reciprocity
744 85th St
Miami Beach, FL

$1,399,000

0.9 miles away

Property Summary

    Located in the OCEAN SIDE SEC-ISLE OF NOISLE OF NORMANDY subdivision, 7124 Bay Dr Miami Beach FL is a Multi Family for sale in Miami Beach, FL, 33141. It is listed for $1,990,000
7124 Bay Dr
Miami Beach, FL