2011 Bay Dr, Miami Beach FL, 33141

Active

2011 Bay Dr

Miami Beach FL, 33141

$4,750,000

$379.76 per sqft

Active

12,508 sqft

Commercial

Built in 1977

BayWest Isles (2011 Bay Drive) is a four-story fully-modernized Mediterranean style apartment building featuring 15 renovated units in the heart of North Beach. All 15 apartments consist of large 830+ square foot one-bedrooms. The property is fully occupied with a current average rent of $1,812. With significantly below-market rents, there is a potential rental upside of $71,400 annually (an average of $396+ per unit per month) aligning with current market rates.

A11648032

MLSⓇ ID

August 26, 2024

Listed

November 21, 2024

Updated

Map

2011 Bay Dr
Miami Beach FL, 33141

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $58,580
Tax Frequency: Annually
Garage: No
View: No
County: Miami-Dade County
Pool: No
Zoning: 3900

Listed by: STL Advisors, LLC
Listing Contact: 561-901-1402

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 11:41 PM UTC, 11/21/2024.