2011 Bay Dr Active

Miami Beach,FL 33141

$ 4750000

- Bed

0 Bath

12508 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,508 sqft

Price per Sqft $379

MLS Listing ID A11648032

Style Detached

HOA Y/N No

Year Built 1977

Annual Tax Amount $58,580

Lot Size 7,266 Sqft

Property Description

BayWest Isles (2011 Bay Drive) is a four-story fully-modernized Mediterranean style apartment building featuring 15 renovated units in the heart of North Beach. All 15 apartments consist of large 830+ square foot one-bedrooms. The property is fully occupied with a current average rent of $1,812. With significantly below-market rents, there is a potential rental upside of $71,400 annually (an average of $396+ per unit per month) aligning with current market rates.

Location

State FL

County Miami-dade

Area 32

Building

Architectural Style Detached

Others

Tax ID 02-32-10-002-1060

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