1610 Bay Rd, Miami Beach FL 33139

For sale Days on market 25

LINCOLN TERRACE [ Quadruplex ]

$2,400,000

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Overview

Year Built

1950

Property Type

Quadruplex

Property Description

1610 Bay Rd, a 4-unit apartment building currently operating as a short-term rental. Located in the heart of South Beach’s vibrant waterfront corridor, 1610 Bay Rd is well positioned within one of Miami Beach’s most sought after sub-markets. Bay Rd runs parallel to the western-point of South Beach, positioning the asset steps away from Biscayne Bay, Lincoln Road, and Sunset Harbor. Built in 1950, the property sits on a lot approximately0.12 acres zoned medium intensity RM-2. All four units currently operate as short-term rentals and consist of fully-furnished 2 bedroom & 1 bath apartments with on-site laundry for guests. A future investor would receive a turnkey short-term rental asset within Miami’s leading destination for tourism. Additionally, 1610 Bay Rd’s attractive unit size and premier location offers a strong rental market as a traditional multi-family asset. With comparable rates in the area ranging from $3.50-$4.00 per Sq Ft, an investor has the unique opportunity to continue operations as a short-term rental, combine long-term and short-term use, or fully convert the property into long-term apartments.

Property Details

MLS#

A11952743

Total Floor in Bldg

Building

LINCOLN TERRACE

Address

1610 Bay Rd

City

Miami Beach

State/county

Zip/Postal Code

33139

Area

Lincoln Terrace

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$29,566

Maint Fee

$--

Tax Year

2025

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