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.
Property Details
Price:
$4,750,000
MLS #:
A11648032
Status:
Active
Beds:
0
Baths:
0
Address:
2011 Bay Dr
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami Beach
Listed Date:
Aug 26, 2024
State:
FL
Finished Sq Ft:
12,508
ZIP:
33141
Year Built:
1977
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Schools
Interior
Exterior
Financial
Taxes
$58,580
Map
Community
- Address2011 Bay Dr Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33141
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