2011 Bay Dr, Miami Beach FL 33141,Miami Beach,Miami-Dade County,Commercial Sale

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Commercial Sale Active

2011 Bay Dr, Miami Beach FL 33141

$4,750,000

Overview

Income/MultiFamily
Property Type

1977
Year Built

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.

Address

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Address Bay Dr
City Miami Beach
State/county Miami-Dade County
Zip/Postal Code 33141

Details

Updated on August 27, 2024 at 12:22 am

Property ID: A11648032
Price: $4,750,000
Year Built: 1977
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

PublicSurveyRange: 32
ListAgentKey: 5f6a2415d801b9a45a3a8d2199460ffe
TaxLegalDescription: 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
OnMarketDate: 2024-08-26
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-08-26
MajorChangeTimestamp: 2024-08-26T18:27:47.080Z
PhotosCount: 18
StatusChangeTimestamp: 2024-08-26T18:27:47.080Z
PriceChangeTimestamp: 2024-08-26T18:27:47.080Z
ListingKeyNumeric: 400104359
MajorChangeType: New
ListingContractDate: 2024-08-26
Zoning: 3900
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 58580
ListOfficeName: STL Advisors, LLC
OriginatingSystemKey: miamire
BusinessType: Commercial/Residential Income
PhotosChangeTimestamp: 2024-08-26T18:37:11.519Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 561-901-1402
MlsStatus: Active
StreetNumber: 2011
ListingKey: 81f52e440adf482ab94cb8f7878a2eac
StateOrProvince: FL
ListOfficeKey: c2a3a3f26a1d25064da01343ceaade3e
BridgeModificationTimestamp: 2024-08-26T22:04:10.844Z
ListAgentFullName: Max Loria
ListAgentOfficePhone: 561-901-1402
ParcelNumber: 02-32-10-002-1060
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3455922
ModificationTimestamp: 2024-08-26T22:00:11.857Z
OriginatingSystemID: miamire
DaysOnMarket: 0
ListOfficeMlsId: STLA01
ListAgentDirectPhone: 561-901-1402
StreetNumberNumeric: 2011
PostalCodePlus4: 4498
NumberOfUnitsInCommunity: 15
SyndicationRemarks: 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.
StructureType: Free Standing
ListAgentStateLicense: 3455922
PublicSurveyTownship: 32
StreetName: Bay Dr
ListingAgreement: Exclusive Agency
PublicSurveySection: 10
SpecialListingConditions: Sale
OriginalListPrice: 4750000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
OriginalEntryTimestamp: 2024-08-26T18:27:47.080Z
SourceSystemKey: 400104359
LotSizeSquareFeet: 7266
BuildingAreaTotal: 12508