1420 16th St, Miami Beach FL 33139

For sale Days on market 169

BAY LINCOLN [ Quadruplex ]

$2,900,000

$650/sq ft

$25,000
Price Increased

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Overview

Year Built

1955

Sqft

4460

Property Type

Quadruplex

Property Description

Prime South Beach Development Opportunity! Miami Beach. Private Bay-access street steps to Lincoln Road. Income-producing 4-plex with immediate cash flow + major redevelopment potential. Zoned RM-2: Build up to 60 ft (6 stories), 2.0 FAR, approx. 10,000 sq ft buildable area, up to 10 units. Permitted uses: luxury multifamily, townhomes, boutique hotel, or short-term rentals (with BTR). Features (2) 2BR/2BA & (2) 2BR/1BA units, hurricane-impact windows/doors, upgraded electrical, new PVC pipes, balconies/porches, 4 parking spaces. Fully leased with long-term tenants. Well-maintained, no repairs needed. Being sold as part of an assemblage along with 1580 Bay Rd, 33139, and 1410 16 St, Miami Beach, 33139. MLS # A11847604 Total 24 bedrooms, 18 baths. Total building sqft 13,380.

Property Details

MLS#

A11818124

Total Floor in Bldg

Building

BAY LINCOLN

Address

1420 16th St

City

Miami Beach

State/county

Zip/Postal Code

33139

Area

Bay Lincoln

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$26,840

Maint Fee

$--

Tax Year

2023

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