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.
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
Price:
$1,990,000
MLS #:
A12112742
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OCEAN SIDE SEC-ISLE OF NOISLE OF NORMANDY
Neighborhood:
oceansidesecisleofno
Listed Date:
Oct 30, 2026
Finished Sq Ft:
4,732
Total Sq Ft:
4,732
Year Built:
1940
Units:
8
See this Listing
Schools
Interior
Cooling
Ceiling Fan(s)
Flooring
Tile, Wood
Heating
Electric
Interior Features
Stairs
Exterior
Construction Materials
CBS Construction
Lot Features
Less Than 1/4 Acre Lot
Patio And Porch Features
Patio
Roof
Shingle
Stories
2
Window Features
Clear Impact Glass
Financial
Tax Year
2025
Taxes
$28,380
Map
Community
- Address7124 Bay Dr Miami Beach FL
- SubdivisionOCEAN SIDE SEC-ISLE OF NOISLE OF NORMANDY
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33141
Market Summary
Current real estate data for Multi Family in Miami Beach as of Oct 31, 2026
45
Multi Family Listed
215
Avg DOM
773
Avg $ / SqFt
$3,140,553
Avg List Price
Property Summary
- Located in the OCEAN SIDE SEC-ISLE OF NOISLE OF NORMANDY subdivision, 7124 Bay Dr Miami Beach FL is a Multi Family for sale in Miami Beach, FL, 33141. It is listed for $1,990,000 To schedule a showing of MLS#a12112742 at 7124 Bay Dr in Miami Beach, FL, contact your CENTURY 21 Carioti agent at 2392986550.
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