Bay Harbor Islands Investment Properties & Multifamily for Sale
The best Bay Harbor Islands investment decision starts before you buy.
Live BeachesMLS listings matching this search in Bay Harbor Islands, Florida, updated throughout the day.
Investment property in Bay Harbor Islands is the East Island's small apartment buildings: mid-century two- and three-story walk-ups of a handful of units on the numbered streets and Bay Harbor Drive, some leased as they stand and some sold as redevelopment sites once neighbouring lots can be assembled. Rent rolls, the condition of the roof and the windows and any open permits set the income value; the zoning and the lot size set the land value, which in Bay Harbor Islands is often the larger of the two. Confirm the town's rules on short-term rentals before counting on them, and read both values before you offer.
2 listings, newest first.
$6,250,000
1029 94th Street, Bay Harbor Islands FL 33154
Multifamily for sale · 8,230 sq ft · $759/sq ft · MLS# A12065320
Courtesy of MSP Group, LLC$3,975,000
1160 100th Street, Bay Harbor Islands FL 33154
Multifamily for sale · 8,410 sq ft · $473/sq ft · MLS# A11996407
Courtesy of The Corcoran Group
What Investors Buy in Bay Harbor Islands
Investors in Bay Harbor Islands buy the East Island. The usual purchases are a mid-century apartment building of a handful of units on the numbered streets or Bay Harbor Drive, leased as it stands and held for the land; a unit in an older condominium to renovate and lease; and a residence in a new boutique building bought from plans or at completion and leased until it is sold. Builders buy assembled lots and West Island teardowns. Each depends on the town's zoning and permits, on the association's leasing rules where there is one, and on the town's rules for short-term rentals, which in Bay Harbor Islands are worth reading before the rent roll.
Reading the Numbers in Bay Harbor Islands
Reading the numbers in Bay Harbor Islands means reading two values for the same property. For an apartment building, the income value comes from the rent roll, the vacancies, the roof, the windows and the open permits; the land value comes from the lot size, the zoning and whether the neighbouring lots can be assembled, and on the East Island the land value is often the larger. For a condominium, the rent against the fee, the reserves and any assessment decides the yield, and a slip can be leased separately. We put the recently leased and recently sold pages beside each Bay Harbor Islands listing so both values are measured before you offer.
The Numbers on These Listings
Straight from the MLS, updated through the day. Income and capitalization rates are what the listing agent published, not audited figures: treat them as the start of underwriting, and ask for certified operating statements before you offer. No agent on this page has published operating income, which is normal for smaller buildings; ask BreakThru Realty and we will request the rent roll.
| Property | Price | Units | Per unit | Income | Cap rate | Taxes | HOA | Days on market |
|---|---|---|---|---|---|---|---|---|
| 1029 94th Street | $6,250,000 | 2 | $3,125,000 | — | — | — | — | 91 days |
| 1160 100th Street (reduced from $4,500,000) | $3,975,000 | 6 | $662,500 | — | — | — | — | 196 days |
Get Bay Harbor Islands Investment Listings the Day They Reach the Market
BreakThru Realty sends new income property matching this search as it comes on the market, and will underwrite any listing with you: the rents in place, the taxes as they reset on sale, insurance quoted today, and what comparable buildings actually traded for.
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Investing in Bay Harbor Islands?
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More Bay Harbor Islands Real Estate
Bay Harbor Islands housing market report · Bay Harbor Islands Rentals: Homes & Apartments for Rent