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$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.Multi Family - LINCOLN TERRACE SUB for Sale
1620 BAY RD, MIAMI BEACH, FL 33139
Asking Price$3,250,000
Share by:
- Living 4338sqft
- Taxes $28,892
- Year Built 1950
-
Days on market:
83 day(s) -
Adjusted Area:
3784 sqft Original Price:
$3,250,000-
Price per sqft:
$749.19 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 5Tax Year:
2022-
MLS:
A11401295 -
Property Type:
Multi Family -
Style:
Fourplex
Construction Type:
Cbs ConstructionRoof:
ConcreteCooling Description:
ElectricCentral AirHeating Description:
ElectricCentralFloor Description:
TileExterior Features:
Open BalconyLot Features:
Less Than 1/4 Acre LotType of Association:
None
Description
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