7124 Bay Drive, Miami Beach, FL 33141

$1,990,000
4,732
SqFt
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List Price
$1,990,000
Days on Market
2
MLS#
A12112742
Sq. Ft
4,732
Subtype
Quadruplex
County
Miami-Dade
Subdivision
Ocean Side Sec-Isle Of No
Year Built
1940
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Property Description

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.

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Additional Information

Construction
CBS (Concrete Block Structure), Block
Cooling
Ceiling Fan(s)
Flooring
Tile, Wood
Heating
Electric, Separate Meters
Roof
Shingle
Taxes
$28,380
Utilities
Cable Available
Stories
2
Price Per Sqft
$420
Elementary School
Treasure Island
Middle School
Miami Beach Nautilus
High School
Miami Beach
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Listing courtesy of One Sotheby's International Realty. Contact:

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.


Agent: Brigitte Lina | Email: brigitte@brigittelina.com