Renovated Bay-View Multifamily
For Sale
Contact for pricing
Pending
960 Bay Dr, Miami Beach, FL 33141
Fourteen-unit multifamily fully renovated in 2020 with impact windows, updated systems, new flooring, and a bay-view pool.
Property SizeContact for details
Days on Market149
Property Features for 960 Bay Dr
General Information
Standard status
Pending
Property subtype
Special Purpose
Occupancy
100%
Financials
Cap Rate
5%
Business Included
Yes
Additional Details
Multifamily Units
14
Building Details
Year Renovated
2020
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Matteo Cornali · License #3338169
Source:
Crexi
Added: Apr 12
Changed: Aug 22
Last Checked: Sep 5 at 9:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 14-unit multifamily property at 960 Bay Dr was completely renovated, with completion in June 2020. Improvements include new impact windows and doors, new electric and plumbing, new hardwood floors and tiles, and new air conditioning. The property also features a pool that overlooks the bay. The building is currently fully rented.
Situated to capture bay views, the home’s outdoor amenity is designed around that outlook with the bay-view pool. Additional income may be possible through the construction of boat docks, subject to required approvals.
Overall, this is a renovated, income-producing multifamily asset with substantial interior and systems upgrades and a prominent bay-facing pool amenity.
Situated to capture bay views, the home’s outdoor amenity is designed around that outlook with the bay-view pool. Additional income may be possible through the construction of boat docks, subject to required approvals.
Overall, this is a renovated, income-producing multifamily asset with substantial interior and systems upgrades and a prominent bay-facing pool amenity.
Key Highlights
- 14‑unit multifamily property fully renovated and completed in June 2020
- New impact windows and doors throughout
- Updated electric and plumbing, plus new HVAC/AC
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit multifamily fully renovated in 2020 with impact windows, updated systems, new flooring, and a bay-view pool.
Where is this apartment building located?
The property is located at 960 Bay Dr Miami Beach, FL.
What are key features of this property?
This property features: 14‑unit multifamily property fully renovated and completed in June 2020; New impact windows and doors throughout; Updated electric and plumbing, plus new HVAC/AC
