2101 Bay Dr Miami, FL 33141
This exceptional multifamily investment opportunity presents a charming 1-story, 4-unit apartment building situated on a desirable corner lot in Miami Beach, Florida. Built in 1940, this property at 2101 Bay Dr, Miami Beach, FL 33141, offers a fantastic chance to capitalize on the strong rental market. All four units are currently leased, providing immediate cash flow. The property's location is a key advantage, offering residents easy walking access to supermarkets, restaurants, and the beautiful Miami Beach. The existing rental income presents a solid foundation for a long-term investment strategy, with significant potential for increased revenue through market-rate adjustments. The building's single-story design simplifies management and maintenance. This is an ideal opportunity for investors seeking a proven, income-generating asset in a highly sought-after location. The property's corner lot provides additional potential for future development or expansion. This is a rare chance to acquire a well-located, established multifamily property in Miami Beach at an attractive asking price of $1,900,000. Don't miss this chance to secure a piece of Miami Beach real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.