Brickell Listings

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Property Description

This fourplex is licensed for Short-term rental. Completely gutted & renovated in Oct 2020; from Roof to Foundation and 40-year recertification all done in 2021. One block from Lincoln Road Mall and the Intercostal Bay. It currently has an operator with a master lease paying off a net amount to the owner. This is perfect for any would-be investor that understands the intricacies of how to manage a short term. All units have a 2/ 2 layout, brand-new appliances & AC Systems. Downstairs has a stunning patio area and the upstairs units come with a balcony overlooking the bustling streets of South Beach. It is currently fully operational. For would be buyer that has experience in managing airbnb their NOI could be 7.84% at the asking price. All units are sold with the furniture.

Residential Income For Sale at 1620 Miami Beach

1620 Bay Rd, Miami Beach, Florida 33139

  • Square Footage: 4,338 Sqft
$3,250,000
Listing ID#A11401295
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Basic Details
Building Name : LINCOLN TERRACE SUB
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A11401295
Price : $3,250,000
Original Price : $3,250,000
Half Bathrooms : 0
Square Footage : 4,338 Sqft
Year Built : 1950
Property Sub Type : Quadruplex
DOM : 313
Tax : $28,892
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Agent info
Brickellmania LLC
3011 SW 24 ST. Miami Fl 33145
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