2021 Bay Drive

Miami Beach, FL 33141

Listing ID: 214877
Call for Pricing
For Sale
  • Property Type Multifamily
  • Lot Size Acres 0.166
  • Building Sq Ft 5,741
  • Land Sq Ft 7,250
Description

Fausto Commercial is pleased to offer the Miami New Apartments at 2021 Bay Drive in Normandy Isle, Miami Beach. The property is made up of six units, Four two bed/one bath of approximately 700-square feet and two two bedroom/two bath of approximately 800-square feet. The two story building is a 1970s vintage and sits on a 7,205-square feet lot. Renovations have been done over the past two years including new impact windows. There is a possibility of converting the property to 12 units, by splitting the two two-bedroom/two-bath into Studios.

Normandy Isles is one of the most desirable rental markets in Miami Dade County as North Beach will be experiencing a major redevelopment of hotels and premium retail.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population47,955221,436510,825
Population Median Age384140
Population by Age0-9 Yrs3518 (7%)21495 (9%)53559 (10%)
10-19 Yrs5466 (11%)20785 (9%)47973 (9%)
20-29 Yrs8182 (17%)26663 (12%)68466 (13%)
30-39 Yrs9528 (19%)35412 (15%)91971 (18%)
40-49 Yrs6950 (14%)34417 (15%)75303 (14%)
50-59 Yrs6832 (14%)32904 (14%)70536 (13%)
60-69 Yrs3868 (8%)26063 (11%)53106 (10%)
70+ Yrs3611 (7%)23696 (10%)49910 (9%)
Median HH Income$56,760$61,079$58,498
Total Household Income< 24K3558 (18%)18587 (18%)46729 (21%)
25-49K4412 (23%)21114 (21%)45425 (21%)
50-74K3900 (20%)17094 (17%)36983 (17%)
75-99K3062 (16%)10409 (10%)24475 (11%)
100-199K2911 (15%)18556 (18%)37489 (17%)
200K+1246 (6%)12174 (12%)23763 (11%)
Highest Education LevelNo Diploma27791355345757
Diploma or GED83973217477913
Some College51442672258037
Assoc. Degree43061714135602
Bachelors Degree94954354291277
Higher Degree56273633573580
Total Housing Units24,622156,420317,068
--Owner-Occupied5,77343,09586,847
--Renter-Occupied13,31754,840128,017
Owner-Occupied Values< 100K569054443
100-199K860408610071
200-299K1405700715828
300-399K799538711460
400-499K69347159697
500K+19602099435349
Total Working Age Population41,052187,501428,906
In Work Force29,856125,594289,475
Not In Work Force11,19661,907139,432
Workforce Employed28,882120,825273,939
Workforce Unemployed9034,59415,190
Civlian Workforce29,785125,420289,129
Military Workforce71175346
Total Households19,09097,934214,864
Family Households10,84353,145111,832
Non-Family Households8,24744,790103,032
Married Couple7,10539,05175,682
Other Family3,73814,09436,150
Married w/Child2,73813,02225,954
Single Male w/Child4481,6494,215
Single Female w/Child1,7556,43113,758

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242
Monroe County79,589-873,090+174,004074,301

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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