6932 Bay Drive

Miami Beach, FL 33141

$1,999,999
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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!
  1. Listed by Luis Perez • Century 21 Dorar Realty

Property Details for 6932 Bay Drive

Waterfront
No
Area
32
Auction
No
Year Built Description
Resale

Location

Listing Courtesy of Century 21 Dorar Realty
Add your commute
LISTING UPDATED: 05/04/2024 01:17 PM

Property Details for 6932 Bay Drive

StatusActive
MLS #A11577945
Days on Market35
Taxes$10,976 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1937
Lot Size0.16 AC / 7,000 SF
CountyMiami-Dade County

Location

Listing Courtesy of Century 21 Dorar Realty
Add your commute

Building Information for 6932 Bay Drive

Stories-Residences-Year Built1937Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$11,829 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$915

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6932 Bay Drive

Location Information
Location Information
  • Parcel Number Free Text: 02-32-10-013-0570
  • Parcel Number MLX: 0570
  • MLS Area: 32
  • Municipal Code: 2
  • Township Range: 32
  • Section: 10
  • Subdivision Number: 13
  • Unit Count: 5
  • Zoning Information: 3900
General Information
Parking
  • Num Parking Spaces: 8
  • Parking Description: Assigned Parking, Guest Parking, Street Parking
General Information
  • Style of Property: Income Non-Waterfront
  • Property Description: Multi family 5 units
  • Type of Building: Free Standing
  • Prop Type-Type of Building: Apartments, Residential-Multi-Family
  • Building Sq Ft: 2,297
  • Num Meters: 5
  • Location of Property: City Location
  • Total Acreage: 0
  • Approximate Lot Size: 0.1607
  • Property Sq Ft: 7000
  • Num Buildings: 1
  • Num Floors: 1
  • Fire Protection: Smoke Alarm
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Shingle Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Security Information: Security System
Additional Property Information
Utilities
  • Cooling Description: Central Individual A/C, Other
  • Water Description: Public Water
  • Sewer Description: Public Sanitation
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 5
  • Tenant Pays: Interior Electric
Financial Information
Financial Information
  • Assumable: No
  • Flood Zone: AE
  • Tax Year: 2023
  • Special Information: Other Special Info
Agent / Office Information
Listing Information
  • Sale Includes: Building & Land, Leases

Property History for 6932 Bay Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6932 Bay Drive

Taxable ValueLand$700,000Additions$88,842Total$788,842
Tax Record2023$10,976 ($915 / month)
Home Facts
Total Finished SqFt1,387 SqFtAbove Grade Finished SqFt1,387 SqFtStories1Lot Size7,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1937Year Renovated1947Zoning3900:MULTI-FACountyMIAMI-DADEAPN02-3210-013-0570

Schools near 6932 Bay Drive

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Treasure Island Elementary School
PublicPK to 5

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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6932 Bay Drive is a multi-family home for sale in Miami Beach, FL 33141. This property was listed for sale on April 30, 2024 by Century 21 Dorar Realty, it's currently listed at $1,999,999. It has been on the market for a total of 35 days and was last sold on August 22, 2005. This listing's school district is Miami-Dade. Nearby schools include Treasure Island Elementary School, Air Base K-8 Center for International Education and Nautilus Middle School. 6932 Bay Drive is a 0-bed, 0-bath, multi-family home built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Dorar Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.