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7124 Bay Dr
Miami Beach, FL 33141 Normandy Isles

$2,390,000 USD

Apartments For Sale  •  8,539 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,732 SF
  • Lot Size 0.12 AC
  • Building Class C
  • Year Built 1940
  • Zoning RO, Miami Beach
46 Transit Score
92 Walk Score

Highlights

8-unit multifamily property fully leased and positioned for long-term appreciation
Located in a growing, high-demand rental market
Opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods
Normandy Isles area at the border of Miami Beach and North Bay Village, offering strong fundamentals and value-add potential
Potential to increase the rent (Existing Long term tenants)

Financial Summary (Actual)

Net Operating Income: $95,790 USD (2025)
Total Expenses: $55,110 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Dishwasher
  • Microwave
  • Storage Space
  • Heating
  • Walking/Biking Trails
  • Wi-Fi
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Sprinkler System
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Zen Garden
  • Dining Room
  • Family Room
  • Freezer
  • Garden
  • Lawn
  • Linen Closet
  • Pantry
  • Wheelchair Accessible (Rooms)
  • Private Bathroom
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Allapattah (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 20 min - 8.9 mi
Santa Clara (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 22 min - 9.6 mi
AirportDriveWalkDistance
Miami International 35 min - 16.8 mi
Fort Lauderdale/Hollywood International 38 min - 23.0 mi
Brigitte Lina 305-890-0364 One Sotheby's International Realty
Brigitte Lina 305-890-0364 One Sotheby's International Realty