Commercial Real Estate

CommercialSaleMultifamilyFLMiami Beach7124, Bay Dr, Miami Beach, FL, 33141

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Floors: 2
  • Lot size: 5250, 5250 sq ft
  • Year built: 1940
  • County: Miami-Dade
  • Lease Term: ThirtySixMonths
  • MLS ID: A11924424

Description

  • Description:

    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 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

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Building Details

  • Building Name: 7124 BAY DRIVE
  • Structure Type: Apartment,MultiFamily
  • Water Source: Public
  • Sewer: Other
  • Construction Materials: Block
  • Covered Spaces: 0
  • Levels: Two
  • Number Of Buildings: 7124
  • Floor covering: , , ,

Amenities & Features

  • Security Features: SecuritySystem,SmokeDetectors
  • Roof: Tile
  • Window Features: ImpactGlass
  • Cooling: Other
  • Electric: Volts110
  • Exterior Features: SecurityHighImpactDoors
  • Heating: Other

Expenses, Fees & Taxes

  • Trash Expense: $1,500
  • Utilities Expense: $8,500
  • Maintenance Expense: $1,800
  • Operating Expense: $50,000
  • Tax Annual Amount: $28,380
  • Insurance Expense: $9,000
  • Tax Year: 2024

Miscellaneous

  • List Office Name: One Sotheby's International Realty
  • Listing Terms: Cash,Conventional,Cryptocurrency

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This -type commercial real estate is located in 7124, Bay Dr, Miami Beach, FL, 33141 was built in 1940, and is listed at $2,390,000.

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