Basic Information

  • MLS # A12112742
  • Type Quadruplex
  • Status Active
  • Subdivision/Complex Ocean Side Sec-isle Of No
  • Year Built 1940
  • Total Sqft 4,732
  • Date Listed 10/30/2026
  • Days on Market 0
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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type C B S Concrete Block Structure, Block
  • Parking Description
  • Exterior Features Security High Impact Doors, Patio
  • Roof Description Shingle
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 4,732Sq.Ft
  • Cooling Description Ceiling Fans
  • Floor Description Hardwood, Tile, Wood
  • Heating Description Electric
  • Sqft 4,732Sq.Ft

Property Features

  • Address 7124 Bay Dr
  • Aprox. Lot Size 4,732
  • Architectural Style Fourplex
  • City Miami Beach
  • Construction Materials C B S Concrete Block Structure, Block
  • County Miami- Dade
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional, Cryptocurrency
  • Lot Features Flood Zone, Less Than Quarter Acre
  • Occupant Type Call Agent
  • Patio And Porch Features Patio
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Miami Beach
  • Public Survey Section Two
  • Public Survey Township 2
  • Roof Shingle
  • Sewer Description Public Sewer
  • Stories 2
  • Subdivision Complex
  • Subdivision Info Ocean Side Sec-isle Of No
  • Tax Amount $28,380
  • Tax Legal desc 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
  • Tax Year 2025
  • Terms Considered Cash, Conventional, Cryptocurrency
  • Type of Property Quadruplex
  • Water Source Public
  • Window Features Impact Glass
  • Year Built Details Effective Year Built

7124 Bay Dr

Miami Beach, FL 33141

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    The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Sotheby's International Realty. tel: 305-935-0300

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