Commercial Real Estate

CommercialSaleMultifamilyFLMiami Beach2011, Bay Dr, Miami Beach, FL, 33141

Basics

Description

  • Description:

    ISLE OF NORMANDY MIA VIEW SEC PART 1 PB 34-80 LOT 26 BLK 38 LOT SIZE 7266 SQ FT OR 18886-4950 1199 1 COC 22404-2057 06 2004 1 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.

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Building Details

  • Architectural Style: Detached
  • Covered Spaces: 0

Expenses, Fees & Taxes

  • Tax Annual Amount: $58,580

Miscellaneous

  • List Office Name: STL Advisors, LLC

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This -type commercial real estate is located in 2011, Bay Dr, Miami Beach, FL, 33141 was built in 1977, and is listed at $4,750,000.

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