2011 Bay Dr Miami Beach FL 33141 MLS #A11648032

2011 Bay Dr
Miami Beach, FL, 33141
$4,750,000
Beds
0 Baths
12,508 SqFt
0 Acres
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BayWest Isles (2011 Bay Drive) is a four-story fully-modernized Mediterranean style apartment building featuring 15 renovated units in the heart of North Beach. All 15 apartments consist of large 830+ square foot one-bedrooms. The property is fully occupied with a current average rent of $1,812. With significantly below-market rents, there is a potential rental upside of $71,400 annually (an average of $396+ per unit per month) aligning with current market rates.

Property Details

Price:
$4,750,000
MLS #:
A11648032
Status:
Active
Beds:
0
Baths:
0
Address:
2011 Bay Dr
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami Beach
Listed Date:
Aug 26, 2024
State:
FL
Finished Sq Ft:
12,508
Total Sq Ft:
12,508
ZIP:
33141
Year Built:
1977
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CENTURY 21 Carioti

CENTURY 21 Carioti

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disclosure
Courtesy of STL Advisors, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
Rover IDX
2011 Bay Dr
Miami Beach, FL