Description

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

Address

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Address: Bay
City: Miami Beach
State/county: Miami-Dade
Zip/Postal Code: 33141
Area: Miami Beach

Details

Updated on August 12, 2026 at 10:54 am

Property ID A11924424
Price $2,140,000
Land Area 0.12 Sq Ft
Year Built 1940
Type Multi Family
Property Status Commercial Sale

Additional details

BuildingAreaTotal 4732
CLIP 6126721328
CoListAgentAOR Miami Association of REALTORS
CoListAgentDirectPhone 305-890-0364
CoListAgentEmail charlottedjiane@gmail.com
CoListAgentFirstName Charlotte
CoListAgentFullName Charlotte Gleichgevicht
CoListAgentKey 26629633
CoListAgentKeyNumeric 26629633
CoListAgentLastName Gleichgevicht
CoListAgentMlsId SEF3611087
CoListAgentNationalAssociationId 279673916
CoListAgentOfficePhone 305-935-0300
CoListAgentPreferredPhone 305-890-0364
CoListAgentStateLicense 3611087
CoListOfficeAOR Miami Association of REALTORS
CoListOfficeEmail MLS@onesothebysrealty.com
CoListOfficeKey 5903978
CoListOfficeKeyNumeric 5903978
CoListOfficeMlsId SEFOSIR22
CoListOfficeName One Sotheby's International Realty
CoListOfficePhone 305-935-0300
ConstructionMaterials Block
ContractStatusChangeDate 2026-08-12
Cooling Other
CumulativeDaysOnMarket 251
CurrentPrice 2140000
DaysOnMarket 251
DaysOnMarketReplication 251
DaysOnMarketReplicationDate 2026-08-12
DaysOnMarketReplicationIncreasingYN 1
DocumentsAvailable Aerial, Deed, Financials, Ground Photo, Inventory, Lease, Rent Rolls
DocumentsCount 0
Electric 110 Volts
Flooring Other, Tile, Wood
GrossIncome 150900
GrossScheduledIncome 150900
Heating Other
InsuranceExpense 9000
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR Miami REALTORS
ListAgentAOR Miami Association of REALTORS
ListAgentDirectPhone 786-267-7320
ListAgentEmail brigitte@brigittelina.com
ListAgentFirstName Brigitte
ListAgentFullName Brigitte Lina
ListAgentKey 26787623
ListAgentKeyNumeric 26787623
ListAgentLastName Lina
ListAgentMlsId SEF3179748
ListAgentNationalAssociationId 279545758
ListAgentOfficePhone 305-935-0300
ListAgentPreferredPhone 786-267-7320
ListAgentStateLicense 3179748
ListOfficeAOR Miami Association of REALTORS
ListOfficeEmail MLS@onesothebysrealty.com
ListOfficeKey 5903978
ListOfficeKeyNumeric 5903978
ListOfficeMlsId SEFOSIR22
ListOfficeName One Sotheby's International Realty
ListOfficePhone 305-935-0300
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-12-03
ListingKey 1149794758
ListingKeyNumeric 1149794758
ListingTerms Cash, Conventional, Cryptocurrency
LotFeatures < 1/4 Acre
LotSizeArea 5250
MLSAreaMajor 2320
MaintenanceExpense 1800
MajorChangeTimestamp August 12, 2026 at 01:16am
MajorChangeType Back On Market
MapCoordinateSource Imported
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp August 12, 2026 at 10:04am
NetOperatingIncome 100000
NumberOfBuildings 7124
NumberOfUnitsTotal 7
OccupantType Call Agent
OnMarketDate 2026-08-12
OnMarketTimestamp 2026-08-12T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-08-12T00:39:33.027-00:00
OriginalEntryTimestamp December 23, 2025 at 01:47am
OriginalListPrice 2390000
OriginatingSystemCoListAgentMemberKey 302835877
OriginatingSystemCoListOfficeKey 1252260
OriginatingSystemID M00000151
OriginatingSystemKey 475918810
OriginatingSystemListAgentMemberKey 1202811
OriginatingSystemListOfficeKey 1252260
OriginatingSystemModificationTimestamp 2026-08-12T00:39:33.027-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_MIAMI
OtherExpense 50000
OwnershipType Corporation
ParcelNumber 0232100130320
Permission IDX
PhotosChangeTimestamp August 12, 2026 at 10:04am
PhotosCount 23
Possession Close Of Escrow, Negotiable
PostalCity Miami Beach
PostalCode 33141
PostalCodePlus4 5453
PreviousListPrice 2390000
PriceChangeTimestamp April 13, 2026 at 04:06pm
PropertyCondition Resale
PropertySubTypeAdditional Multi Family
RoadFrontageType City Street
Roof Tile
SecurityFeatures Security System, Smoke Detector(s)
SourceSystemID TRESTLE
SourceSystemKey 1149794758
SourceSystemName flexmls
StateOrProvince FL
StatusChangeTimestamp August 12, 2026 at 01:16am
StoriesTotal 2
StreetName Bay
StreetNumber 7124
StreetNumberNumeric 7124
StreetSuffix Drive
TaxAnnualAmount 28380
TaxLegalDescription 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
TaxYear 2024
TenantPays Electricity, HVAC Maintenance, Minor Interior Maintenance
TrashExpense 1500
UniversalPropertyId US-12025-N-0232100130320-R-N
Utilities Sewer Available
UtilitiesExpense 8500
VideosChangeTimestamp 2026-08-12T10:04:44.897-00:00
VideosCount 0
WaterSource Public
Zoning 4800