Upgraded 16-Unit Apartment
For Sale
$2,349,000
Pending
1995 Bay Dr, Miami Beach, FL 33141
Multifamily property with studio and one-bedroom residences, updated interiors, impact windows, and refreshed common areas.
Property SizeContact for details
Days on Market3388
Property Features for 1995 Bay Dr
General Information
Standard status
Pending
Property subtype
General Commercial
Units
Unit Mix
6 x studio, 10 x 1BR
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$25,606
Amenities
3
Building Details
Year Built
1939
Listing Agency:
Solutions RE, LLC
(305) 230-4750
Listed By:
Richard Wood
(305) 742-8864
Source:
Xome
Added: May 27, 2017
Changed: Aug 30
Last Checked: Aug 30 at 12:42PM
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 Solutions RE, LLC
Investment Insights
Based on property information with market context.
This 16-unit apartment property in Miami Beach’s Normandy Shores area includes six studio residences and ten one-bedroom units. Interior improvements span 15 of the 16 apartments and include new flooring, kitchens with cabinets, countertops, and stainless-steel appliances, plus refreshed bathrooms with updated fixtures, vanities, toilets, and lighting. The property also features new air-conditioning units, impact windows, and upgraded flooring and lighting in the common areas.
Exterior and building improvements include updated landscaping and a newer roof installed in 2012. Originally built in 1939, the property is located on Bay Drive in the Normandy Shores area of North Beach.
Exterior and building improvements include updated landscaping and a newer roof installed in 2012. Originally built in 1939, the property is located on Bay Drive in the Normandy Shores area of North Beach.
Key Highlights
- 16‑unit apartment property with six studios and ten one‑bedroom units
- Updated kitchens with cabinets, countertops, and stainless‑steel appliances
- New flooring installed in 15 of 16 units and common areas
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,005
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 - Multifamily property with studio and one-bedroom residences, updated interiors, impact windows, and refreshed common areas.
Where is this apartment building located?
The property is located at 1995 Bay Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: 16‑unit apartment property with six studios and ten one‑bedroom units; Updated kitchens with cabinets, countertops, and stainless‑steel appliances; New flooring installed in 15 of 16 units and common areas
