Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 7266, 7266 sq ft
- Year built: 1977
- County: Miami-Dade
- MLS ID: A11648032
Description
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Description:
ISLE OF NORMANDY MIA VIEW SEC PART 1 PB 34-80 LOT 26 BLK 38 LOT SIZE 7266 SQ FT OR 18886-4950 1199 1 COC 22404-2057 06 2004 1 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.
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Building Details
- Architectural Style: Detached
- Covered Spaces: 0
Expenses, Fees & Taxes
- Tax Annual Amount: $58,580
Miscellaneous
- List Office Name: STL Advisors, LLC
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 2011, Bay Dr, Miami Beach, FL, 33141 was built in 1977, and is listed at $4,750,000.