Bay Drive I Miami Beach 7124 Bay Dr 8 Unit Apartment Building $2,932,677 CAD ($366,585 CAD/Unit) Miami Beach, FL 33141

Prime Normandy Isles Multifamily | Fully Leased | Value-Add Opportunity
Located in Normandy Isles at the border of Miami Beach and North Bay Village, this 8-unit multifamily property is fully leased, impeccably maintained, and positioned for long-term appreciation.
With completed 40-Year Certification and impact windows throughout,
This asset delivers immediate stability with upside through rental optimization.
Unit Mix:
- 4 large studios (approx. 500 SF each)
- 4 spacious 1-bed / 1-bath units (approx. 600 SF each)
PROPERTY FEATURES
- Recently painted interiors and well-maintained overall
condition
- Impact windows installed throughout the building
- Independent split A/C systems in every unit
- Full kitchen in all apartments
- Updated electrical and plumbing system
- Strong rental history with consistent occupancy
- Completed 40-Year Certification
- 100% occupied
- Electronic entrance door
- Bicycle rack
- Building security system with cameras
- High-speed internet
7124 Bay Drive is just minutes from North Bay Village,
one of the most ambitious redevelopment zones in all
of Miami-Dade.
The city is transforming into a luxury hub with:
- New waterfront parks
- High-end restaurants & retail
- Luxury residential towers
- New marinas & public waterfront access
- A reimagined Causeway with pedestrian promenades
- A complete revitalization of Normandy Shores /Treasure Island
The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods.