7124 Bay Dr

Miami Beach, FL 33141
$2,190,000
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 andRead MoreRead Less
Courtesy of One Sotheby's International Realty.
Listing Snapshot
Days Online
106
Last Updated
Property Type
Multi Family
Lot Size
0.12 Acres
Year Built
1940
MLS Number
A11924424
30 Days Snapshot Of 33141
$1.47M
+27%
(avg) sold price
42
+5%
homes sold
149
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: City Street
Building
Construction Materials: CBS Construction, Stories: 2, Year Built: 1940, Year Built Details: Resale, Building Area Total: 4732, Building Name: 7124 BAY DRIVE, Structure Type: Free Standing
Community
Units In Community: 8
Cooling
Cooling: Other
Expenses
Insurance Expense: 9000, Maintenance Expense: 1800, Operating Expense: 50000, Other Expense: 8500, Trash Expense: 1500
Floors
Flooring: Other, Tile, Wood
Water Features
Water Source: "Public"
Heating
Heating: Other
Income
Gross Income: $150,900, Gross Scheduled Income: $150,900, Net Operating Income: $100,000
Lot
Square Feet: 5250
Miscellaneous
Inclusions: Building & Land, Equipment, Leases, Signs Included
Property
Current Use: Income Non-Waterfront
Roof
Roof: Tile Roof
Security Features
Features: Smoke Detector(s), Security System
Sewer
Sewer: Other
Taxes
Parcel Number: 02-32-10-013-0320, Tax Annual Amount: $28,380, New Taxes Expense: 28380, Tax 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, Tax Year: 2024
Tenant Pays
Tenant Pays: A/C & Heating Maintenance, Electricity
Utilities
Electric On Property YN: t, Electric: 110 Volts Power
Windows
Features: Clear Impact Glass
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Eddie Blanco
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