6932 Bay Dr ,Free Standing, Income Non-waterfront for Sale & Rent

6932 Bay Dr for Sale & Rent

Price $1,999,999.00

• Lot size 7000
• Year Build 1937
• Waterfront
• Zip 33141
• Style
• Parking Description Assigned, Guest, On Street
• Pool Yes
• Status Active

Description

Introducing an exceptional investment opportunity in the heart of Normandy Isles! This multi-family property boasts 5 fully leased units, each contributing to a robust cash flow. With recent renovations including remodeled units 3 years ago and a replaced roof 5 years ago for unit 5, this property offers both stability & growth potential. The unit mix provides a diverse income stream, with 2 units currently generating $1600 ea., one unit at $1400, and 2 additional units at $1750 & $1837.50, located close to the beach & various shopping amenities. Lot offers opportunities for future expansion. Don't miss out on this rare chance to invest! Call today!

Call Listing Agent to schedule appointments with 24hr notice. All units are 1 bedroom / 1 bath.

OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 13 BLK 5 LOT SIZE 50.000 X 140 OR 17496-3453 0197 1 COC 23705-2546 07 2005 1

City Location

Introducing an exceptional investment opportunity in the heart of Normandy Isles! This multi-family property boasts 5 fully leased units, each contributing to a robust cash flow. With recent renovations including remodeled units 3 years ago and a replaced roof 5 years ago for unit 5, this property offers both stability & growth potential. The unit mix provides a diverse income stream, with 2 units currently generating $1600 ea., one unit at $1400, and 2 additional units at $1750 & $1837.50, located close to the beach & various shopping amenities. Lot offers opportunities for future expansion. Don't miss out on this rare chance to invest! Call today!

City:Miami Beach,Zoning:3900,Cooling:1:Other,List A O R:A-Miami Association of REALTORS,Tax Year:2023,Latitude:25.8548178,Cooling Y N:1,Lease Term:1 To 3 Year Lease,List Price:1999999,Listing Id:A11577945,Longitude:-80.1276891,Mls Status:Active,Year Built:1937,Inclusions:Building & Land,Leases,Postal Code:33141,Street Name:Bay Dr,Coordinates:1:25.8548178,Photos Count:13,Business Type:1:Residential-Multi-Family,Days On Market:4,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.25,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2024-04-30,Other Expense:50,Parcel Number:02-32-10-013-0570,Parking Total:8,Property Type:Commercial Sale,Street Number:6932,Open Parking Y N:1,Public Remarks:Introducing an exceptional investment opportunity in the heart of Normandy Isles! This multi-family property boasts 5 fully leased units, each contributing to a robust cash flow. With recent renovations including remodeled units 3 years ago and a replaced roof 5 years ago for unit 5, this property offers both stability & growth potential. The unit mix provides a diverse income stream, with 2 units currently generating $1600 ea., one unit at $1400, and 2 additional units at $1750 & $1837.50, located close to the beach & various shopping amenities. Lot offers opportunities for future expansion. Don't miss out on this rare chance to invest! Call today!,County Or Parish:Miami-Dade County,List Office Name:Century 21 Dorar Realty,Private Remarks:Call Listing Agent to schedule appointments with 24hr notice. All units are 1 bedroom / 1 bath.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Guest,2:On Street,Postal Code Plus4:5442,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:10976,Unparsed Address:6932 Bay Dr, Miami Beach FL 33141,Insurance Expense:1600,Listing Agreement:Exclusive Right To Sell,Security Features:1:Security System,Year Built Details:Resale,Building Area Total:2297,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:7000,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:1999999,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks:Introducing an exceptional investment opportunity in the heart of Normandy Isles! This multi-family property boasts 5 fully leased units, each contributing to a robust cash flow. With recent renovations including remodeled units 3 years ago and a replaced roof 5 years ago for unit 5, this property offers both stability & growth potential. The unit mix provides a diverse income stream, with 2 units currently generating $1600 ea., one unit at $1400, and 2 additional units at $1750 & $1837.50, located close to the beach & various shopping amenities. Lot offers opportunities for future expansion. Don't miss out on this rare chance to invest! Call today!,Listing Contract Date:2024-04-30,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:6932,Tax Legal Description:OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 13 BLK 5 LOT SIZE 50.000 X 140 OR 17496-3453 0197 1 COC 23705-2546 07 2005 1,Gross Scheduled Income:98244,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Internet Remarks:Multi-family property with 5 fully leased units, recent renovations including remodeled units 3 years ago and a replaced roof 5 years ago. Call today,Contract Status Change Date:2024-04-30,Internet Address Display Y N:1,Number Of Units In Community:5,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,