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.

Features
: Central, Electric
: Centralair, Electric
: Patio, Balcony, Open
: Fourplex
: Concrete
: Publicsewer
Address Map
FL
Miami-Dade County
Miami Beach
33139
1620 Bay Rd
W81° 51' 22''
N25° 47' 22.9''
MLS Addon
4,338 Sqft
: Block
1498
313
: Balcony, Securityhighimpactdoors, Patio
: Tile
1
1
Cash,Conventional,Item1031Exchange
: Item14acre
02-32-33-008-0020
LINCOLN TERRACE SUB
$28,892
2022
: Cableavailable
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: Impactglass

Residentialincome For Sale

1620 Bay Rd, Miami Beach, Florida 33139

4,338 Sqft
$3,250,000
MLS # #A11401295
Basic Details
Property Type : Residentialincome
Listing Type : For Sale
Price : $3,250,000
Square Footage : 4,338 Sqft
Year Built : 1950
MLS # : A11401295
Property Sub Type : Quadruplex
Agent info
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