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Property profile & analytics
OFF-MARKET
Apartment buildings

2101 Bay Dr Miami, FL 33141

Built 1940
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1940
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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