Renovated & Turnkey Apartment Building 2011 Bay Dr

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.
Renovations include but are not limited to: impact windows in every unit and impact glass on the balconies/exterior corridors, new blinds installed, updated PVC plumbing with easy access over the garage, new appliances, granite countertops in select units, new lighting, security cameras, controlled access gate and keypads, porcelain tile flooring, new fixtures, recently painted building and resurfaced lot, updated railings and hallways.
The property is located on the iconic Bay Drive and is minutes from the beach and major retailers, including Publix, a 3-minute drive away. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. The surrounding area is set for significant investment and improvement as the Miami Beach Commission has approved a master plan for the North Beach neighborhood including a town center which aims to revitalize the area with substantial new developments and neighborhood enhancements.