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For Sale
Listed on October 30, 2026

7124 BAY DR

$1,990,000
0 Beds
0 Baths
4,732 sqft
0 Parkings
Lot size:
-
Annual Tax:
$28,380
Occupancy:
Contact Agent
Year Built:
1940
Property type:
Multifamily
#MLS:
A12112742

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.
One Sotheby's International Realty

Features & Details

Learn about the features and details of 7124 BAY DR

Property Details

  • Property Type
    Quadruplex
  • Living Area
    4,732 sqft
  • Year Built
    1940
  • Lot Size
    -
  • Stories
    -
  • Annual Tax
    $28,380
  • List Date
    10/30/2026
  • Updated
    10/31/2026
  • Last Checked
    Recent
  • MLS Number
    #A12112742
  • Brokerage
    One Sotheby's International Realty
  • Postal Code
    33141
  • Area
    Miami-Dade County
  • City
    Miami Beach

Additional Property Features

  • Occupancy
    CallAgent
  • List Price
    $1,990,000
  • Unit Number
    -
  • Construction
    CBSConcreteBlockStructure,Block
  • Heating
    Electric
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Ceiling Fans
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    None
  • Patio
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2025
  • Assignment
    No
  • Extras Included
    None
  • Virtual Tour
    View virtual tour

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 7124 BAY DR

Explore Miami-Dade County

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FAQs About 7124 BAY DR

7124 BAY DR, MLS® A12112742 has a size of 4732 sqft.

There are bedrooms and bathrooms in this Multifamily at 7124 BAY DR, MLS® A12112742.

Annual taxes for this home are $28,380 based on 2025 tax year reports.
Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. 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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
©2025 Miami Association of REALTORS® all rights reserved.
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7124 BAY DR
7124 BAY DR