7124 Bay Drive
Miami Beach, FL 33141
$1,990,000
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.
| List Price: | $1,990,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 4,732 |
| Tax Annual Amount: | $28,380 |
| Waterfront?: | No |
| Subdivision: | Ocean Side Sec-Isle Of No |
| Year Built: | 1940 |
| Association?: | No |
| Basement Yn: | No |
| Construction Materials: | CBSConcreteBlockStructure, Block |
| Cooling: | CeilingFans |
| Elementary School: | Treasure Island |
| Exterior Features: | OutdoorLivingArea |
| Heating: | Electric, SeparateMeters |
| High School: | Miami Beach |
| Listing Contract Date: | 2026-10-30 |
| Middle Or Junior School: | Miami Beach Nautilus |
| MLS Area Major: | 2320 |
| Mobile Dim Units: | Feet |
| Number Of Units In Community: | 1 |
| Original List Price: | $1,990,000 |
| Parcel Number: | 0232100130320 |
| Possession: | Negotiable |
| Postal City: | Miami Beach |
| Roof: | Shingle |
| Sewer: | PublicSewer |
| Stories Total: | 2 |
| Tax Year: | 2025 |
| Current Price: | $1,990,000.00 |
| Country Subdivision: | 12025 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12025:0232100130320 |
| Listing Id: | A12112742 |
|---|---|
| Property Sub Type: | Quadruplex |
| City: | Miami Beach |
| County Or Parish: | Miami-dade |
| Postal Code: | 33141 |
| Number Of Units Total: | 1 |
| Building Area Total: | 4732.0 |
| Cooling?: | Yes |
| Electric: | CircuitBreakers |
| Flooring: | Tile, Wood |
| Gross Income: | $12,575 |
| Heating?: | Yes |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional, Cryptocurrency |
| Patio And Porch Features: | Patio |
| Pool Private?: | No |
| Postal Code Plus4: | 5453 |
| Public Survey Township: | 2 |
| State Or Province: | FL |
| Utilities: | CableAvailable |
| Water Source: | Public |
| Zoning: | 4800 |
| Property Sub Type Additional: | Quadruplex |
| List Office National Association Id: | 0 |
| Record Signature: | 1,620,298,077 |
Listing Courtesy of: One Sotheby's International Realty
Listing Agent: Brigitte Lina
786-267-7320
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 BeachesMLS, Inc. All rights reserved.
BeachesMLS data last updated on October 31, 2026 02:45 AM - ET
Property Last Updated: October 31, 2026 02:45 AM - ET
