$ 4,750,000
2011 Bay Dr Miami Beach, FL 33141
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,750,000
Est. payment /mo
Active
2011 Bay Dr Miami Beach, FL 33141
12,508 SqFt
UPDATED:
09/30/2024 09:20 PM
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
Listed by STL Advisors, LLC