7124 Bay Dr, Miami Beach, FL 33141

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 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

Interior Features

Stairs

Flooring

Tile, Wood

Heating

Electric

Cooling

Ceiling Fan(s)

Building & Association

Building Name

OCEAN SIDE SEC-ISLE OF NO

Stories

2

Stories Total

2

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Shingle

New Construction

No

Public Records

Parcel Number

02-32-10-013-0320

Tax Annual Amount

$28,380

Tax Year

2,025

Zoning

4800

County Or Parish

Miami-Dade County

Location