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+1 646-431-8072

Multi Family - LINCOLN TERRACE SUB for Sale

1620 BAY RD, MIAMI BEACH, FL 33139

Asking Price$3,250,000

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  • Living 4338sqft
  • Taxes $28,892
  • Year Built 1950
  • Days on market:

    83 day(s)
  • Adjusted Area:

    3784 sqft
  • Original Price:

  • Price per sqft:

  • Tax Legal Description:

    LINCOLN TERRACE SUB PB 49-100 LOT 2 LOT SIZE 50.000 X 105 OR 13017-1648 0986 1 COC 24489-3118 04 2006 5
  • Tax Year:

  • Property Type:

    Multi Family
  • Style:

  • Construction Type:

    Cbs Construction
  • Roof:

  • Cooling Description:

    ElectricCentral Air
  • Heating Description:

  • Floor Description:

  • Exterior Features:

    Open Balcony
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:



$3,250,000 • living size area 4338 sqft

This hotel is licensed for short-term rental in the heart of south beach. completely renovated in oct 2020 in prime south beach location; 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 where the deal lies 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 and bringing in a phenomenal roi with the current management. all units are sold with the furniture.

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