Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community

This listing is courtesy of Brigitte Lina at One Sotheby\'s International Realty em:brigitte@brigittelina.com ph:786-267-7320.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0232100130320 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 02-2100-013-0320 (0232100130320)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 7124 Bay Dr
City: Miami Beach
State: Florida
Zip Code: 33141-5453 (Listings)
County: Miami-Dade (Listings)
  -
Building Size - English*
Living Square Feet: 4,732
Actual Square Feet: 4,732
Adjusted Square Feet: 4,244
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Lot Size - English*
Lot Size (sf): 5,250
Lot Size (acres): 0.12
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Building Size - Metric*
Living Square Meters: 439.62
Actual Square Meters: 439.62
Adjusted Sq M: 394.28
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Lot Size - Metric*
Lot Size (sq m): 488
Lot Size (ha): 0.05
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Zoning & Land Use*
Land Use: 0803 - Multifamily 2-9 Units : Multifamily 3 Or More Units
Zoning: 4800 - Planned Residential Offic
Municipal Zoning: RO (Miami Beach)
All Listed | All Properties
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Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 06/24/2024
Amount: $1,765,000
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Prior Sale #2* (Second to Last)
Type: Corrective, tax or QCD; min consideration
Qual: U
Date: 03/24/2022
Amount: $100
  -
Prior Sale #3* (3rd to Last)
Type: Corrective, tax or QCD; min consideration
Qual: U
Date: 03/07/2022
Amount: $1,100,000
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Taxable Values*
Tax Year: 2024
Land: $682,500
Building: $892,727
Total: $1,575,227
Assessed: $1,475,130
County Taxable: $1,475,130
City Taxable: $1,475,130
Mill Code: 0200
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Ownership*
Owner 1: Magic City Surf Llc
Mailing Address: 18975 Collins Ave 3304
Mailing City: Sunny Isles Beach
Mailing State: Fl
Mailing Zip: 33160
Mailing Country: USA
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Building Information*
Stories: 2
Units: 8
  Price $286,250 per unit (compare)
Year Built: 1940
Effective Year Built: 1940
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Legal Description*
Legal Description Concatenated: 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

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.