# 7124 Bay Drive, Miami Beach, FL

> This Residential Income listing has . Schedule a showing for 7124 Bay Drive in Miami Beach, FL.

- Price: $1,990,000
- Status: Active
- Property Type: Residential Income
- MLS ID: A12112742
- Photo: https://prd-pbgo-mls-photos.s3.amazonaws.com/rapb/properties/photos/A12112742_f6e47425dad33be24d1acc5a654362b2.jpg

## Description

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.

## Attribution

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BeachesMLS data last updated on October 31, 2026 03:44 AM - ET

Property last updated: October 31, 2026 03:44 AM - ET.