Current Use by Public Records
- Apartment buildings
Property Details for 2101 Bay Dr
- Year built
- 1940
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1435
- Latitude
- 25.8515
