Overview
Closing Costs Calculator- Status: Active
- Parking No info
- Size: 4,338 ft2/403.01 m2
- Price Per: $749.19 ft2/$8,064.25 m2
- Type: Multifamily
- Built: 1950
- HOA: No info
- MLS Number: A11401295
- View No info
- On Site: 338 days
- Updated: 25 Days Ago
- Page Views: 2
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.
Contact AdvisorDevelopment Amenities
Development Amenities:
- Bike Storage
- Clubhouse / Clubroom
- Elevators
- Laundry
- Pool
- Recreation Facilities
- Storage
- Trails
- Trash Chute
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 06/09/2023 | Listed | $3,250,000.00 | $749.19 ft2/$8,064.25 m2 |
Features
Property Details for 1620 Bay Rd, Miami Beach, FL 33139
Lincoln, Multifamily current status is Active, 1620 Bay Rd is a Multifamily in , Miami Beach, FL 33139 with property MLS ID# A11401295.
This Multifamily has been listed on Best of Luxury Realty since June 09, 2023 and is currently priced at 3,250,000. This property was built in 1950.
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms:
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: Balcony, Patio, Security High Impact Doors
- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Heating Description: Central, Electric
- Cooling Description: No info
- Building and Construction
- Floor Description: Tile
- Windows/Treatment: No info
- Construction Type: Block
- Year Built: 1950
- Style: Fourplex
- Waterfront and Water Access
- Waterfront Property: No info
- Waterfront Frontage: No info
- Waterfront Description: No info
- Water Access: No info
- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: Lincoln
- Subdivision Name: LINCOLN TERRACE SUB
- Property Type: Multifamily
- Property Subtype: Residential Income
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 06/09/2023
- Area: 32
- Brokered By: Triangle Properties, Inc.
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $28,892.00 (2022)
Nearest Schools
Mortgage Calculator
Property Price:
$3,250,000.00
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Area Specialist
Buyer/Tenant EtiquetteAdbutler placeholder
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
This property is courtesy of the Triangle Properties, Inc.. This listing has been viewed 2 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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