Description

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

Address

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Address: Bay Dr
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33141
Area: OCEAN SIDE SEC ISLE OF NO

Details

Updated on April 18, 2026 at 2:46 am

Property ID A11922740
Price $2,140,000
Property Size 4732 Square Feet
Year Built 1940
Type Quadruplex
Property Status Residential Income

Additional details

BuildingAreaTotal 4732
BuildingAreaUnits Square Feet
BuildingName OCEAN SIDE SEC-ISLE OF NO
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-01-07
Cooling Ceiling Fan(s)
DaysOnMarket 100
DocumentsAvailable Deposit - Last Months Rent, Deposit - Security, Equipment Lists, Copy Of Lease(S), Other Available Information, Rent Rolls, Existing Survey
DoorFeatures High Impact Doors
ExpirationDate 2026-08-30
Flooring Other, Tile, Wood
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-267-7320
ListingTerms All Cash, Conventional, Cryptocurrency, FHA-Va Approved
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Ocean Side Sec-isle Of No
MajorChangeTimestamp April 13, 2026 at 07:06pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 17, 2026 at 05:49pm
NumberOfUnitsInCommunity 1
NumberOfUnitsTotal 8
OnMarketDate 2026-01-07
OriginalEntryTimestamp January 7, 2026 at 05:50pm
OriginalListPrice 2390000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-10-013-0320
ParkingTotal 5250
PatioAndPorchFeatures Patio
PhotosChangeTimestamp February 24, 2026 at 03:26am
PhotosCount 28
Possession Funding
PostalCodePlus4 5453
PreviousListPrice 2190000
PriceChangeTimestamp April 13, 2026 at 07:06pm
PublicSurveyRange 32
PublicSurveySection 10
PublicSurveyTownship 32
RentIncludes Gardener, Sewer, Trash Collection, Water
Roof Shingle
Sewer Public Sewer
ShowingInstructions 24 Hour Notice, Showing Assist
SourceSystemKey 423783354
StateOrProvince FL
StatusChangeTimestamp January 7, 2026 at 05:50pm
Stories 2
StoriesTotal 2
StreetName Bay Dr
StreetNumber 7124
StreetNumberNumeric 7124
StructureType Quadruplex, Fourplex
SyndicationRemarks 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
TaxAnnualAmount 28380
TaxLegalDescription 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
TaxYear 2025
WaterSource Municipal Water
YearBuiltDetails Effective Year Built
Zoning 4800